Question

FirmA 4.000 Sales (5) Net income (ND (S) Average assets (5) Average equity (5) Average lib. 5) 2.000 1,000 What is the sel turnover Round to two decimal points . 12.34 Answer 200 t of A new company has the following transactions Sets stock for $90 Buys a building for $50 its primary ine of business in telinga service, so has no cos Makes credit sales of $100, and subsequently collects 500 Accrues SOLA (ling gener, and administrave expense of 340, and o n ly Records depreciation expense of 10 can c e payable from the frames What is the change in

Answer 1

Solution: Q1 Asset turnover=sales/average assets 4000/2000 - 2.00 Q2 Changes in accounts payable=Accrued expense-Payment | 15 | 40-25