Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. pxg co. has total assets of $8,600,000 and a total

PXG Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times....

50.1K

Verified Solution

Question

Finance

image

PXG Co. has total assets of $8,600,000 and a total asset turnover of 2.36 times. Assume the return on assets is 10 percent. What is the company's sales? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sales What is the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income What is its profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Using Java create a program that does the following: Modify the LinkedList1 class by adding sort()...

Programming
Q

3. What is the relationship between cash flows from operations and Income for the year of...

Accounting
Q

Two capacitors are connected with inductor as shown in figure potential difference across the capacitors...

Physics
Q

Abigail's math teacher finds that there's roughly a linear relationship betweenthe amount of time students...

Basic Math
Q

Evaluate lim substitution O O O x 64 x 4x 3x 4 lim x 64...

Calculus
Q

The graph shows f x The dashed lines are vertical asymptotes 10 8 6 lim...

Calculus
Q

y a x 8 A hyperbola with equation of 5 2 3 Find the smallest...

Algebra
Q

Condensed financial data of Concord Inc. follow. CONCORD INC. Comparative Balance Sheets December 31 2022...

Accounting
Q

Benson Company, which expects to start operations on January 1, year 2, will sell digital...

Accounting
Q

Jackson, a self-employed taxpayer, uses his automobile 80% for business and during 2023 drove a...

Accounting
Q

Required information Skip to question [The following information applies to the questions displayed below.]...

Accounting
Q

Hel 16 0.25 points You are considering an investment in a mutual fund with a...

Finance