Computing Asset Ratios The following information relates to Mazy's Inc. $ millions Total Assets Revenue Net Income Fiscal Year 2015 $47,325 $62,282 $2,461 Fiscal Year 2014 46,926 Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Compute the asset turnover ratio for fiscal year 2015. Answer b. Compute the return on assets ratio for fiscal year 2015. Answer
Computing Asset Ratios The following information relates to Mazy's Inc. $ millions Total Assets Revenue Net Income Fiscal Year 2015 $47,325 $62,282 $2,461 Fiscal Year 2014 46,926 Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively. Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Compute the asset turnover ratio for fiscal year 2015. Answer b. Compute the return on assets ratio for fiscal year 2015. Answer
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...
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Computing Asset Ratios
The following information relates to Mazy's Inc.
| $ millions | Total Assets | Revenue | Net Income |
|---|---|---|---|
| Fiscal Year 2015 | $47,325 | $62,282 | $2,461 |
| Fiscal Year 2014 | 46,926 |
Mazy's fiscal years for 2015 and 2014 end on January 30, 2016, and January 31, 2015, respectively.
Note: Carry all decimals in calculations; enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.
| a. Compute the asset turnover ratio for fiscal year 2015. | Answer |
| b. Compute the return on assets ratio for fiscal year 2015. | Answer |
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