Analyzing Noncurrent Asset Disclosures. The following are financial data taken from the 2015 annual report of...
Analyzing Noncurrent Asset Disclosures. The following are financial data taken from the 2015 annual report of a company:
(amounts in millions) 2015 2014
Net sales............................................................ $48,851 for 2015 and $49,605 for 2014
Gross property, plant and equipment...................................... 27,268 for 2015 and 24,988 for 2014
Accumulated depreciation .............................................. (13,502) for 2015 and (13,226) for 2014
Intangible assets (net).................................................. 40,356 for 2015 and 35,166 for 2014
Calculate the following ratios for 2015 and 2014:
Intangible asset turnover, fixed asset turnover, accumulated depreciation divided by gross fixed assets.
What do the trends in these ratios reveal about the company?
Homework Answers
ANSWER
Intangible Asset Turnover = Net Sales / Intangible Assets
2015 = $48,851 / $40,356
.........= 1.21
2014 = $49,605 / $35,166
.........= 1.41
Fixed Asset Turnover = Net Sales / Fixed Assets
2015 = $48,851 / ($27,268 - $13,502)
.........= 3.55
2014 = $49,605 / ($24,988 - $13,226)
.........= 4.22
Accumulated Depreciation Divided by Gross Fixed Asset
2015 = $13,502 / $27,268
.........= 49.52%
2014 = $13,226 / $24,988
.........= 52.93%
THANK YOU FOR THE QUESTION....KINDLY RATE...IT HELPS ME A LOT
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