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An extract of a balance sheet is given. What is the total asset turnover ratio?

Balance Sheet (extract), December 31st, 2xxx $
Intangible Assets 5,000
Tangible Assets 10,000
Current Assets 5,000
Investments 5,000
Current Liabilities 10,000
Long Term liabilities 30,000
Net Sales 40,000
The debt-equity ratio of Creatz Ltd. is
(Express your answer to two significant figures).

Respuesta :

ExcuseBeautifulK

Answer:

Explanation:

Opens to the left

directrix: x = ½

focus: (-½, 0)

bharathparasad577

How to calculate the total asset turnover ratio?

  • Asset Turnover Ratio = Net Sales / Average Total Assets
  • 40,000 / 20,000 = 2:1

How to calculate the debt-equity ratio?

  • The debt-to-equity ratio is calculated by taking a company's total liabilities and dividing them by its total shareholders' equity.
  • total liabilities = current liabilities + long term liabilities = 40,000.
  • Investments = 5,000
  • 40,000/5,000= 8:1

Learn more about balance sheets, here-

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