Green yard care has net income of $62,300, a tax rate of 21 percent, and a profit margin of 6.7 percent. total assets are $1,100,500 and current assets are $328,200. how many dollars of sales are being generated from every dollar of net fixed assets?

Calculation of Fixed Assets Turnover ratio (How many dollars of sales are being generated from every dollar of net fixed assets):

We can calculate Assets Turnover ratio using the following formula;

Fixed Assets Turnover ratio = Net Sales / Fixed Assets

We are given that Green Yard Care has net income of $62,300, and a profit margin of 6.7 percent. That mean Net Sales = 62300/6.7% = $928,850.75.

And Fixed Assets = $1,100,500  - $328,200 = $772,300

Now we can calculate Assets Turnover ratio as follows:

Fixed Assets Turnover ratio = Net Sales / Fixed Assets

= $928,850.75 / $772300

= 1.2027

Hence we can say $1.2027 dollars of sales are being generated from every dollar of net fixed assets.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know