Total asset turnover and new sales figure
Not what you're looking for?
Kaleb's Karate Supply had a profit margin of 7 percent, sales of $10 million, and total assests of $6 million. What was total asset turnover? If management set a goal of increasing total asset turnover to 2.25 times, what would the new sales figure need to be, assuming no increase in total assets?
Purchase this Solution
Solution Summary
The solution explains how to calculate the total asset turnover and the new sales figure given a change in total asset turnover
Solution Preview
Total Asset Turnover = Sales/Total Assets = 10/6 =1.67
In the second part, ...
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.