Answer:
0.45
Explanation:
Total asset turnover indicates the ratio of total assets to total revenue. It evaluates how effectively a company is employing its assets to generate sales.
The calculation is performed as follows: Net Sales / Average Total Assets.
Average total assets are determined by: (Asset at Start + Asset at End) / 2.
Using the given data:
Total revenue = $900,000 and total assets = $2,000,000.
$900,000/$2,000,000 = 0.45.
Note: Since the beginning and ending assets are not specified, we assume $2,000,000 represents the average assets.
Answer:
Option 3 is the correct choice.
Explanation:
- An agile operational framework aligns with their working methods, indicating that the guidelines, similar to other operational models, are not fixed across all scenarios but adapt according to the context during research.
- For comprehensive marketing, the principles are also not rigid and primarily focus on design criteria.
The other options presented do not correspond with the specified scenario. Thus, Option 3 is the superior selection.
d. $100,000 Explanation: Ronaldo Soccer Shop Income Statement Sales $100,000; Cost of goods sold $46,000, Operating expenses $34,000, Interest expense $15,000, Income tax expense $2,000, and Net Income $3,000. To perform the vertical analysis, each item on the income statement is divided by the total sales. Vertical Analysis (income Statement) = (Income Statement Item/Total Sales) * 100.
