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Homework answers / question archive / Asset turnover represents Carl Industries Carl Industries has condensed balance sheets as shown: 2011 2010 2009 Assets: Current assets $55,000 $56,500 $70,000 Plant & equipment, net 495,000 410,000 440,000 Intangible assets, net 20,000 27,500 40,000 Total assets $570,000 $494,000 $550,000 Liabilities & Stockholders' Equity: Current liabilities $40,000 $35,000 $32,500 Long-term liabilities 395,000 310,000 375,000 Stockholders' equity 135,000 149,000 142,500 Total liabilities & equity $570,000 $494,000 $550,000 Refer to the information for Carl Industries

Asset turnover represents Carl Industries Carl Industries has condensed balance sheets as shown: 2011 2010 2009 Assets: Current assets $55,000 $56,500 $70,000 Plant & equipment, net 495,000 410,000 440,000 Intangible assets, net 20,000 27,500 40,000 Total assets $570,000 $494,000 $550,000 Liabilities & Stockholders' Equity: Current liabilities $40,000 $35,000 $32,500 Long-term liabilities 395,000 310,000 375,000 Stockholders' equity 135,000 149,000 142,500 Total liabilities & equity $570,000 $494,000 $550,000 Refer to the information for Carl Industries

Accounting

  1. Asset turnover represents
  2. Carl Industries
    Carl Industries has condensed balance sheets as shown:

    2011
    2010
    2009
    Assets:
    Current assets
    $55,000
    $56,500
    $70,000
    Plant & equipment, net
    495,000
    410,000
    440,000
    Intangible assets, net
    20,000
    27,500
    40,000
    Total assets
    $570,000
    $494,000
    $550,000

    Liabilities & Stockholders' Equity:
    Current liabilities
    $40,000
    $35,000
    $32,500
    Long-term liabilities
    395,000
    310,000
    375,000
    Stockholders' equity
    135,000
    149,000
    142,500
    Total liabilities & equity
    $570,000
    $494,000
    $550,000


    Refer to the information for Carl Industries. In a percentage change balance sheet over the period of 2009 to 2011, what is the change in long-term liabilities?
  3. Refer to the information for Carl Industries. In a common size balance sheet for 2009, total liabilities and equity are expressed as
  4. Refer to the information for Carl Industries. In a common size balance sheet for 2010, plant and equipment (net) is expressed as
  5. Refer to the information for Carl Industries. In a percentage change balance sheet over the period of 2009 to 2011, what is the change in current assets?
  6. Common-size analysis requires the analyst to be aware that percentages can change because of all of the following except:
  7. Critics of EPS as a measure of profitability point out that it does not consider:
  8. Below is financial information for two sporting goods retailers. Extreme Sports Company operates a retail business and franchising business. At the end 2011, Extreme Sports had 263 Company-owned and 120 franchise-operated retail stores. Extreme's stores are located in suburban, strip mall and regional mall locations, the company operates in 32 states. All Sports Corporation sells sporting goods and related products at over 2,500 Company-operated retail stores.

    Selected Data for All Sports and Extreme Sports
    (amounts in millions)

    All Sports
    Extreme Sports
    Sales
    $5,320
    $1,344
    Cost of Goods Sold
    3,897
    887
    Interest Expense
    138
    43
    Net Income
    212
    33
    Average Inventory
    998
    286
    Average Fixed Assets
    1,163
    130
    Average Total Assets
    2,472
    662
    Average Tax Rate
    40%
    40%


    Refer to the information for Extreme Sports Company and All Sports Corporation.
    Compute the return on assets for Extreme Sports
  9. What is the return on assets for All Sports?
  10. Calculate All Sports' inventory turnover ratio

 

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