Fill in the Missing Numbers Using the Formula for Fixed

question 98

Essay

Fill in the missing numbers using the formula for fixed asset turnover: $$\begin{array} { | l | r | r | r | r | } \hline & \text { Company A } & \text { Company B } & \text { Company C } & \text { Company D } \\\hline \text { Sales } & \$ 5,000,000 & \$ 720,000 & \$ 900,000 & ? \\\hline \text { Beginning fixed assets } & \$ 450,000 & \$ 275,000 & ? & \$ 380,000 \\\hline \text { Ending fixed assets } & \$ 800,000 & ? & \$ 310,000 & \$ 420,000 \\\hline \text { Fixed asset turnover } & ? & 2.4 \text { times } & 3 \text { times } & 2.6 \text { times } \\\hline\end{array}$$

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Definitions:

Dividends Received

Earnings distributed to shareholders from the investments in other companies.

Par Value

The nominal or face value of a stock or bond as stated by the issuer.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.

Declaration

An official statement, announcement, or the act of revealing information explicitly.