Question 55 1 pts Royce Corp's sales last year were $250,000, and its net income was...

Question

Question

Answer 1

Answer #1

C. 9.20%

Profit margin = Net income / Sales = $23,000 / $250,000 = 9.20%

Answer 2

Similar Homework Help Questions

P Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has...

P Herring Corporation has operating income of $235,000 and a 40% tax rate. The firm has short-term debt of $115,000, long-term debt of $321,000, and common equity of $436,000. What is its return on invested capital? a . 15.50% O b. 16.17% DOC. 18.27% O d. 14.92% O e 17.42% Question of 20 Helmuth Ine's latest net income was $1,410,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share...
Question 56 1 pts X-1 Corp's total assets at the end of last year were $490,000...

Question 56 1 pts X-1 Corp's total assets at the end of last year were $490,000 and its EBIT was 52,500. What was its basic earning power (BEP) ratio? 0 13.07% 0 10.29% 0 11.57% 0 12.86% 10.71% Previous Next F4 FS F6 F7 F8 F9
Question 58 1 pts Hoagland Corp's stock price at the end of last year was $48.50,...

Question 58 1 pts Hoagland Corp's stock price at the end of last year was $48.50, and its book value per share was $25.00. What was its market/book ratio? 2.17 O 1.94 O 1.63 O 1.55 O 1.80 Previous Next 20 1 FS F8 AB 5 8

Jalon Corp's last year's sales were $2,000,000 and generated a net income of $200,000. It had...

Jalon Corp's last year's sales were $2,000,000 and generated a net income of $200,000. It had current assets of $520,000 and fixed assets of $480,000. Its long term debt was 300,000 and current liabilities consisted of $58,000 in accounts avable and $42,000 in accruals. Next year sales are expected to have a growth rate of 30%. Jalon pays out 30% of its earning in the form of dividends. Assuming the above relationships do not change, how much in Additional Funds...
36. River Corp's total assets at the end of last year were $480,000 and its net...

36. River Corp's total assets at the end of last year were $480,000 and its net income was $32,750. What was its return on total assets? a. 6.28% b. 5.73% c. 6.82% d. 6.48% e. 7.71%
36. River Corp's total assets at the end of last year were $480,000 and its net...

36. River Corp's total assets at the end of last year were $480,000 and its net income was $32,750. What was its return on total assets? a. 6.28% b. 5.73% c. 6.82% d. 6.48% e. 7.71%

MUMC Corp's sales last year were $2,510,000, its operating costs were $1,362,500, and its interest charges...

MUMC Corp's sales last year were $2,510,000, its operating costs were $1,362,500, and its interest charges were $120,500. What was the firm's times-interest-earned (TIE) ratio?
4. Ryngard Corp's sales last year were $42.000, and its total assets were $16,000. What was...

4. Ryngard Corp's sales last year were $42.000, and its total assets were $16,000. What was its total assets turnover ratio (TATO? Lit a. 2.68 b. 2.36 c. 2.31 d. 3.15 e. 2.63
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its...

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm’s total-debt-to-total-capital ratio was 45.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? DuPont equation: ROE = profit margin * total asset turnover * equity multiplier ROE = (NI / Sales) * (Sales / Total assets) * (Total assets / Total...

Crooked Golf's net cash flow? HighTech Wireless just published its current income statement, which shows net...

Crooked Golf's net cash flow? HighTech Wireless just published its current income statement, which shows net income equal to $240,000. The statement also shows that operating expenses were $500,000 before including depreciation, depreciation was $100,000, 2-6 凸 F6 F7 F8 F9 5 6 7 2-8: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets.(a) If WFL's total assets turnover was 2.0, what were its sales revenues? If WFL's return on assets was 6%, what...