NO
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
The cash derived from the sales would be the asset. While the term "cash sales" (as opposed to credit sales) may appear on an income statement or a cash flow statement in the plus column, the cash received would appear as an asset on the balance sheet or financial statement.
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
Total asset turnover ratio = total sales / total assets
Yes, it is a current asset.
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
no
No.
Yes, sales are not considered an asset in a company's financial statements. Sales represent revenue generated from selling goods or services, which is recorded as income on the income statement, not as an asset on the balance sheet.
Return on Assets = Profit Margin on Sales x Asset Turnover .1 = Profit Margin on Sales x 3 .033 = Profit Margin on Sales
The cash derived from the sales would be the asset. While the term "cash sales" (as opposed to credit sales) may appear on an income statement or a cash flow statement in the plus column, the cash received would appear as an asset on the balance sheet or financial statement.
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
Formula for asset turnover: Asset turnover = net sales / total assets Net sales = 32000 * 3.2 = 102400
Total asset turnover ratio = total sales / total assets
general journal
RoE = (net profits/pretax burden)*(Pretax burden/EBIT)(*EBIT/Sales)*(Sales/Asset)*(Asset/Equity) (ie) Tax Burden*Intrest Burden*Return on Sales*Asset Turn Over*leverage
Yes, it is a current asset.