Krispy Kreme and Tastycake Total Asset Turnover
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9.Key comparative figures ($ thousands) for Krispy Kreme and Tastycake follows:
Krispy Kreme Tastycake
2006 2005 2004 2006 2005 2004
Total Assets $410,487 $255,376 $171,493 $116,650 $116,137 $112,192
Net Sales $491,549 $394,354 $300,715 $162,263 $166,245 $162,877
a. Compute total assets turnover for the most recent two year for both Krispy Kreme and Tastycake using the data shown.
b. Which company is more efficient in generating net sales given the total assets it employs?
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Solution Summary
This solution is comprised of a detailed explanation to compute total assets turnover for the most recent two year for both Krispy Kreme and Tastycake using the data shown and answer which company is more efficient in generating net sales given the total assets it employs.
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9.Key comparative figures ($ thousands) for Krispy Kreme and Tastycake follows:
Krispy Kreme Tastycake
2006 2005 2004 2006 2005 2004
Total Assets $410,487 $255,376 $171,493 $116,650 $116,137 $112,192
Net Sales $491,549 $394,354 $300,715 $162,263 $166,245 $162,877
a. Compute total assets turnover for the most recent two year for both Krispy Kreme and Tastycake using the data shown.
b. Which company is more efficient in generating net sales given the total assets it employs?
Normally, there are two equations normally used ...
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