Kroger Co., a national supermarket chain, reported the following data (in millions) in its financial statements for a recent year: Total revenue $108,465 Total assets at end of year 30,556 Total assets at beginning of year 29,281 a. Compute the asset turnover. Round to two decimal places. b. Tiffany & Co. is a large North American retailer of jewelry with an asset turnover of 0.86. Why would Tiffany's asset turnover be lower than that of Kroger?
Q: Lake Coffee Company reported net sales of $180,000, net income of $54,000, beginning total assets of…
A: Ratio analysis means that various ratio can be calculated with the given date of the company and…
Q: The Home Depot reported the following data (in millions) in its recent financial statements: Year 2…
A: The asset turnover ratio measures the value of a company's sales or revenue relative to the value of…
Q: The trial balance of Manhawk Ltd as at 30 June 2010 disclosed: Cash at bank $ 13,000 Accounts…
A: statement of financial position shows the financial position of the entity. It shows the total asset…
Q: The Washington Company owns no plant assets and had the following income statement for the year:…
A: Cash flow statement: Cash flow statement is a statement that reports the cash inflow in operating,…
Q: Maxim Company reported beginning and ending total assets of $140,000 and $160,000, respectively.…
A: Average total assets = (Beginning total assets + Ending total assets) /2 = ($140,000+$160,000) / 2 =…
Q: The following financial information is from Cook Company: Accounts Payable $ 55,000 Land $…
A: Total amount of property, plant, and equipment = Land + Equipment
Q: Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics.…
A:
Q: The draft financial statements of Plethora plc for the year to 31 December 20X9 are being prepared…
A: The exact meaning of an impairment loss seems to be a drop in an underlying asset net carrying value…
Q: In its most recent annual report, Appalachian Beverages reported current assets of $51,300 and a…
A: Current Ratio= Current Assets/Current Liabilities
Q: he following information is available from the annual reports of Blossom Company and Crane Company.…
A: asset turnover formula: asset turnover = salestotal asset return on asset formula: return on asset…
Q: Crockett Electronics has a quick ratio of 2.00x, $30,150 in cash, $16,750 in accounts receivable,…
A: A) Inventory calculation : A) Answer : No of days to replace inventory =14.93 B) The inventory…
Q: Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it…
A: Formulas: Asset turnover ratio = Sales / average value of assets…
Q: In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and…
A: Current Ratio = Current Assets / Current Liabilities.
Q: In its most recent annual report, Appalachian Beverages reported current assets of $49,300 and a…
A: Current Ratio also known as working capital ratio explains the relationship between current assets…
Q: During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of…
A: Formulas: Asset turnover: =Sales / Average capital assets ROI: =Margin * Asset Turnover
Q: Aneko Company reports the following: net sales of $14,800 for Year 2 and $13,990 for Year 1;…
A: The ratio refers to the relationship that exists between two variables. In accounting, the ratio is…
Q: Crockett Electronics has a quick ratio of 2.00x, $26,775 in cash, $14,875 in accounts receivable,…
A: Quick ratio of the firm is 2.00x , current assets is $59,500 and current liabilities is $20825.…
Q: The following information was drawn from the accounting records of Jones Company. (Round your ang…
A: Assets turnover ratio = Net sales / Average total assets
Q: The Income Statement and additional data of Crawford Properties, Inc., follows: CRAWFORD PROPERTIES…
A: A cash flow statement (CFS) is the statement showing the outgoing payments and incoming receipts of…
Q: In its 2014 annual report, Campbell Soup Company reports beginning-of-the-year total assets of…
A: Determine average total assets.
Q: In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of…
A: 1. Calculate the assets turnover ratio and profit margin ratio. Working note:
Q: Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year are…
A: Given the following information:
Q: The Azuza Company owns no plant assets and had the following income statement for the year: Sales…
A: Cash flow statement provided information about the cash inflows and cash outflows of the…
Q: JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million…
A: (1) Account Receivable Days = (Average Receivable x 365) / Credit Sale Here we are assuming that all…
Q: The following information has been extracted from the financial statements of Muggie Pty. Ltd., a…
A: Net profit is the net income of the business after considering all the expenses and all the incomes…
Q: Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented…
A: Accounting ratios are determined by the corporation in identifying the efficiency in generating…
Q: Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement…
A: Beginning of year working capital = Total current assets - Total current liabilities…
Q: During the current year, Sokowski Manufacturing earned income of $206,500 from total sales of…
A: Asset turnover = Sales / Average capital assets ROI = Margin * Turnover
Q: Using the information below, fill in the gaps in the financial statement date for the Stapler…
A: Answer: Calculation of net sales:
Q: Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose…
A: Asset turnover ratio is the ratio of Net Sales divided by the amount of average assets invested.…
Q: Sheridan Company reports the following information (in millions) during a recent year: net sales,…
A: 1. Calculation of return on assets:
Q: Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics.…
A: The question is based on the concept of Cost Accounting.
Q: JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million…
A: Inventory Inventory can be described as a good or material that a company holds for the purpose of…
Q: Prepare a balance sheet and income statement as of December 31, 2003, for Belmond, Inc., from the…
A: Financial refers to transactions involving money. A statement refers to a collective information in…
Q: The following information was taken from the financial statements of Brandon's Motor Shop: Total…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: The Miller Company reported gross sales of $760,000, sales returns and allowances of $6,900, and…
A: The answer is option (1) [i.e, 1.82 times] Refer step2 for explanation.
Q: Sales $2,400,000 Average total assets (excluding long-term investments) 1,500,000 Determine the…
A:
Q: 2. XYM Store recorded the following information for the first quarter of its operations for 2008:…
A: Current assets are assets that are readily converted into cash in less than a year. It includes…
Q: The following data were included in a recent Mango, Inc. annual report ($ in millions): In…
A: The fixed assets turnover ratio is calculated as net sales divided by average fixed assets. Fixed…
Q: Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it…
A: As requested to ignore B so we are answering only Part A.
Q: McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two…
A: Assets turnover ratio = Net Sales/ Average Total Assets
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Analyze and compare Kroger and Tiffany The Kroger Company (KR), a national supermarket chain, reported the following data (in millions) in its financial statements for a recent year: a.Compute the asset turnover ratio. Round to two decimal places. b.Tiffany Co. (TIF) is a large North American retailer of jewelry. Tiffanys asset turnover ratio is 0.78. Why would Tiffanys asset turnover ratio be lower than that of Kroger?McDonald’s Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions) Total assets Net Income SalesYear 1: $33,803.70 $5,192.30 $22,820.40Year 2: $32,811.20 $5,924.30 $21,025.20 What was McDonald’s asset turnover ratio for Year 2?Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 72 $ 358 Receivables (net) 1,942 1,788 Merchandise inventory 900 956 Other current assets 303 259 Total current assets $3,217 $3,361 Total current liabilities $1,601 $1,635 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) Beginning of Year End of Year Working capital $ enter a dollar amount $ enter a dollar amount Current ratio enter current ratio rounded to 2 decimal places :1 enter current ratio rounded to 2 decimal places :1
- The following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%The 2025 Annual Report of Marigold International contains the following information: (in millions) Total assets Total liabilities Net sales Net income (b) June 29, 2025 (c) $1.552 1.091 2,733 150 June 27, 2024 $1.376 1.147 2.845 Compute the following ratios for Marigold International for 2025: 136 Asset turnover ratio. (Round answer to 3 decimal places, e.g. 0.851 times.) Rate of return on assets. (Round answer to 2 decimal places, e.g. 4.87.) Profit margin on sales. (Round answer to 2 decimal places, e.g. 4.87.)JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million (of which $2.88 million are fixed assets), inventory of $153000, and cost of goods sold of $601000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? **round to two decimal places**
- Maxim Company reported beginning and ending total assets of $140,000 and $160,000, respectively. Its net sales for the year was $240,000. What was Maxim's asset turnover ratio? Begin by selecting the formula to calculate the company's asset turnover ratio. Then enter the amounts and calculate the ratio. (Round the asset turnover ratio to two decimal places, X.XX.)Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $4,593,830 $ 87,529 404,278 801,291 $ 1,293,098 $ 304,544 Year 1 Year 2 $4,780,780 $93,256 426,549 868,050 $ 1,387,855 $ 338,428 % % % % % % % % % % Year 3 $4,986,700 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) ered as 12 Year 2 Year 3 $ 86,310 433,877 819,354 $ 1,339,541 $ 334,294 % % % % Year 4 $ 5,563,020 Year 4 $ 77,754 496,981 899,709 $1,474,444 $ 322,187 % % % % Year 5 $ 5,640,450…JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000, and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are _____ days. (Round to two decimal places.)
- JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are enter your response here days. (Round to two decimal places.) Part 2 What is JPJ's fixed asset turnover? JPJ's fixed asset turnover is enter your response here . (Round to two decimal places.) Part 3 What is JPJ's total asset turnover? JPJ's total asset turnover is enter your response here . (Round to two decimal places.) Part 4 What is JPJ's inventory turnover? JPJ's inventory turnover is enter your response here .JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? JPJ's inventory turnover isBased on the financial statement information of Monster Inc. in the following table, answer the following questions: Unit in Million US$ accounts receivable annual sales Cost of goods depreciation fixed assets inventory 2019 150 71 31 Start of 2019 52 222 91 End of 2019 59 275 106 1) Calculate the Fixed-asset turnover, Inventory turnover ratio and Days receivable of Monster Inc 0.87 0.63 72 2) Compare the above results with the following industry average information, comment on their implications in terms of efficiency of asset utilisation. Industry average (Unit 2019 in Million US$) Fixed-asset turnover Inventory turnover ratio Days receivable