One difficulty I'm seeing is you're not be careful about finding the correct numbers to insert into the equation you see. In some cases, you might not understand the meaning of what is in the equation. But in other cases, the numbers are just outright given in the statements provided and all you need to do is pull it out of there.
You also need to realize that different sources can do some of these equations with variations. That makes it difficult for us to check if you don't include the equation from your book. I don't even like to give these equations out to people because the book may do it differently. They should all be listed in the text -- you need to find them -- that is part of doing the work.
Assuming you actually meant the 2,200,000 that is sales, yes.
Methinks you're trying to do the extended equation here. Is that required? If so, this is a case where you are not digging out the right numbers. The extended equation is:
The "total assets" may say "invested assets."
Now look at what you've done. You've taken net income and divided by
current assets. It's not current unless it says current. So you're grabbing something it doesn't say. Then you have net income divided by sales which is OK.
Then you've got sales divided by current assets - that's nothing. There isn't anything in that equation that says that. Even the non-extended version is not that. So I don't know where you are getting that from.
Here's another one where you are not paying attention to the number you are grabbing. The 742,000 is liabilities and equity. The equation doesn't mention liabilities. The problem outright gives you total equity.
Actually, 18.03. Don't know if that's a typo or you messed up the calculation.
There are two different ways to do this and they will come out with different answers. I prefer to see what your book is using. One equation is pretty simple, the other more involved.
I don't know where you got this. This equation is another one involving just two numbers that you should be able to quite literally just pull out of the information without any problem. The only difficulty here is that it probably wants average inventory, and you don't have a beginning balance so you can't do an average. When that happens, just use what you have.
We can't correct what you're doing if you don't show us the calculation.
2.9 is total asset turnover, not fixed asset turnover. You may have switched these around. But the problem gives both sales and total assets outright. You just need to plug and chug. Fixed assets are the same as plant assets if that helps.
?? That's a category not a ratio. And that isn't an answer to either of these.
This is an easy one. Even if you don't know which assets or liabilities are "current," the problem is giving them to you. It seems you need to spend a bit more time looking more closely at the problem. I for one am not going to start giving this stuff away when something like this you could easily get if you'd look more carefully, which is part of your job. You give up too easily.
Here's one case where you might not "get" what something is in the equation: quick assets. However, your text ought to give you this. Quick assets are cash, receivables and marketable securities.
Are they using all debt or long-term debt? And "debt" is the same as "liabilities" so you should be able to do that one.
That one's correct.
Sorry, never heard of that one.
