Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

The Dayco Manufacturing Company had the following financial statement results for last year. Net sales were $1.2 million with net income of $90,000. Total assets at year end amounted to $900,000.

a. find out Dayco's asset turnover ratio and its profit margin.

b. Show how the two ratios in Part (a) can be used to determine Dayco's rate of return on assets.

c. Dayco operates industry average ratios are these: Return on assets: 11 percent; Asset turnover; 2.5 times; Net profit margin: 3.6 percent. Compare Dayco's performance against the industry averages.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M944154

Have any Question? 


Related Questions in Basic Finance

1 what is the function of the optional delivery commitment2

1. What is the function of the optional delivery commitment? 2. Name five important characteristics of mortgage pools. Tell why each is important. 3. Why was the formation of FHLMC so important?

List two advantages from the investor point of view of an

List two advantages, from the investor point of view, of an exchange traded fund, vis-a-vis a closed-end fund? Distinguish between a defined benefit pension plan and a defined contribution plan? List at least three funct ...

1 pick a hypothetical construct describe external stimuli

1. Pick a hypothetical construct. Describe external stimuli that influence the construct and external behaviors that are influenced by the construct. 2. What are the limitations of operational definitions? 3. What is mea ...

A simple random sample of 120 men results in a mean of 80

A simple random sample of 120 men results in a mean of 80 beats per minute, and a standard deviation of 11 beats per minute. Based on the sample results, the researcher concludes that the pulse rates of men have a standa ...

1 what kinds of organizations must consider disaster

1. What kinds of organizations must consider disaster preparedness? 2. What is the difference between mitigation and preparedness? 3. What are the steps involved in the preparedness cycle? 4. Name the ways that the Natio ...

The stock of bruin inc has an expected return of 22 percent

The stock of Bruin, Inc., has an expected return of 22 percent and a standard deviation of 35 percent. The stock of Wildcat Co. has an expected return of 14 percent and a standard deviation of 40 percent. The correlation ...

A multiple-choice test consists of 7 questions each

A multiple-choice test consists of 7 questions. Each question has answer choices of a, b, c, and d, and only one of the choices is correct. If a student randomly guesses on each question, what is the probability that she ...

Go to wwwstlouisfedorgfred2 and under categories select

Go to www.stlouisfed.org/fred2/ and under Categories select "Exchange Rates." Select "monthly rates" and graph the euro, the yen, and the Canadian dollar against the U.S. dollar for the years 2001-2010. Answer the follow ...

1 what procedure is used in your state to handle a pledge

1. What procedure is used in your state to handle a pledge of collateral for a mortgage loan? 2. Explain the relationship and purpose of a promissory note and the two primary forms of security instruments. 3. In a forecl ...

1 design an observational study of your own including the

1. Design an observational study of your own, including the creation of a set of behavioral categories that would be used to code for one or more variables of interest to you. Indicate the decisions that you have made re ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro