The following information is from Omar Corp balance sheets as of December 31,Years 2 and 1 and income statement for Year 2: From the above information,calculate the following for Year 2:
(a)Merchandise turnover.
(b)Accounts receivable turnover.
(c)Return on total assets.
(d)Times interest earned.
(e)Total asset turnover.

Question

The following information is from Omar Corp balance sheets as of December 31,Years 2 and 1 and income statement for Year 2:   From the above information,calculate the following for Year 2:
(a)Merchandise turnover.
(b)Accounts receivable turnover.
(c)Return on total assets.
(d)Times interest earned.
(e)Total asset turnover.

Quizplus · Accepted Answer

The Answer of The following information is from Omar Corp balance sheets as of December 31,Years 2 and 1 and income statement for Year 2:   From the above information,calculate the following for Year 2:
(a)Merchandise turnover.
(b)Accounts receivable turnover.
(c)Return on total assets.
(d)Times interest earned.
(e)Total asset turnover.

The Following Information Is from Omar Corp Balance Sheets as of December