Homework Answers
ANSWER
| Ans. b 1 | Debt to equity ratio = Total liabilities / Total stockholder's equity * 100 | |||
| 2018 | $293,000 / $582,500 * 100 | 50.30% | ||
| 2019 | $292,500 / $576,200 * 100 | 50.76% | ||
| 2020 | $585,000 / $566,200 * 100 | 103.32% | ||
| *Calculations for Total liabilities: | ||||
| 2018 | 2019 | 2020 | ||
| Accounts payable | $101,000 | $50,500 | $101,000 | |
| Long term debt | $192,000 | $242,000 | $484,000 | |
| Total liabilities | $293,000 | $292,500 | $585,000 | |
| *Calculation of Total stockholder's equity: | ||||
| 2018 | 2019 | 2020 | ||
| Common shares | $521,000 | $521,000 | $521,000 | |
| Retained earnings | $61,500 | $55,200 | $45,200 | |
| Total stockholder's equity | $582,500 | $576,200 | $566,200 | |
| Ans. | Return on assets = Net income / Total assets * 100 | |||
| 2018 | $60,900 / $875,500 * 100 | 6.96% | ||
| 2019 | $18,480 / $868,700 * 100 | 2.13% | ||
| 2020 | $51,100 / $1,151,200 * 100 | 4.44% | ||
| Ans. | Return on equity = Net income / Total stockholder's equity * 100 | |||
| 2018 | $60,900 / $582,500 * 100 | 10.45% | ||
| 2019 | $18,480 / $576,200 * 100 | 3.21% | ||
| 2020 | $51,100 / $566,200 * 100 | 9.03% | ||
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Application Problem 12-15A a1, b1 (Part Level Submission) (Ratio analysis over time) The following information comes...
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Accounting please help me with this question ASAP
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I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR. THANK YOU IN...
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THANK YOU IN ADVANCE!!
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I NEED URGENT HELP PLEASE, MY ASSIGNMENT IS DUE IN HALF AN HOUR.
THANK YOU IN ADVANCE!!
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