I just need help doing the conmpany\'s asset turnover please WileyPLUS X G Chegg
ID: 2501722 • Letter: I
Question
I just need help doing the conmpany's asset turnover please
WileyPLUS X G Chegg Study Guided S. G what is a cash disbursemex G C | b edugen.wileypluscom/edugen/student/mainfr.uni WileyPLUS KimmelFinancial Accounting, 7e FINANCIAL ACCOUNTING CALCULATOR STANDARD VIEW PRINTER VERSION coach ADST. ASSIGNMENT RESOURCES Extra Credits For Chapter 7-12 Exercise 9-11 7-10 • Your answer is partially correct. Try again. 7-11 Part Level Submission 8-4 Q Prob 8-1A (Part Level Submission Shonrock International is considering a significant expansion to its product line. The sales force is excited about the opportunities that the new products will bring. The new products are a significant step up in quality above the companys current offerings, but offer a complementary fit to its existing product line. Richard Farley, senior production department manager, is very excited about the high-tech new equipment that will have to be acquired to produce the new products. Donna Beson, the company's CFO, has provided the following projections based on results with and without the new products 9-11 10-2 Part Without New Products with New Products sales revenue $12,041,300 $17,272,300 Net income $485,900 $925,000 Average total assets $5,701,000 $13,999,000 10-5 Part (a) Compute the company's return on assets, profit margin, and asset turnover, both with and without the new product line. (Round answers to 0 decimal place, e.g. 2% and asset turnover to 1 decimal places e.g. 6.2) 10-8 Part without new products with new products Q Do it! R 11-3 The companys return on assets 11-3 Part Level Submission Brief Exercise 12-1 The companys profit margin Brief Exercise 12-2 Brief Exercise 12-3 The companys asset turnover 4. .8 5 I Review Score Review Results by Study Objective LINK TO TEXT Question attempts: 2 of 3 used (SAVE FOR LATER SUBMIT ANSWER 10:14 AM D to 12/12/2015Explanation / Answer
Asset turnover = Sales revenue÷Average total assets
Without new products:
= $12,041,300÷$5,701,000
= 2.1
With new products:
= $17,272,300÷$13,999,000
= 1.2