Homework Answers
|
Numerator |
/ |
Denominator |
= |
|
|
Net income |
/ |
Average total assets |
= |
Return on assets |
|
$ 6.00 |
/ |
$ 40.00 |
= |
15% |
Return on assets tells the percentage earned on invested assets in a particular period.
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QS 1-15 Computing and interpreting return on assets LO A2 In a recent year's financial...
URGENT In a recent year's financial statements, Home Depot reported the following results. Compute and interpret...
URGENT
In a recent year's financial statements, Home Depot reported the following results. Compute and interpret Home Depot's return on assets (assume competitors average an 11.0% return on assets). $95 billion $8 bilfion Average total assets. Sales. Net income. $42 billion
Homework QS 3-25 Identifying current accounts and computing the current ratio LO A2 Accounts receivable Accounts...
Homework QS 3-25 Identifying current accounts and computing the current ratio LO A2 Accounts receivable Accounts payable Buildings Cash $27,500 Long-term notes payable 15,600 office supplies 57,000 Prepaid insurance 7,700 Unearned services revenue $34,000 2,500 5,080 3,800 1:35 Compute Chavez Company's current ratio using the above information Current Ratio Choose Denominator: Choose Numerator: Current assets 1 1 Current Ratio Current ratio YE
QS 22-10 Computing return on investment LO A1 Compute return on investment for each of these...
QS 22-10 Computing return on investment LO A1 Compute return on investment for each of these divisions (each is an Investment center). Answer is not complete. Investment Center Net Income Average Assets Return on Investment Cameras and camcorders Phones and communications Computers and accessories 5.712,000 3,870,000 27,200,000 21,500,000 1,870,000 11,000,000
QS 8-15 Computing total asset turnover LO A1 Aneko Company reports the following: net sales of $19,000 for Year 2 and $...
QS 8-15 Computing total asset turnover LO A1 Aneko Company reports the following: net sales of $19,000 for Year 2 and $18,050 for Year 1; end-of-year total assets of $18,600 for Year 2 and $17,400 for Year 1. (1) Compute its total asset turnover for Year 2. Choose Numerator 1 Total asset turnover Choose Denominator: = Total asset turnover Total asset turnover 0 times (2) Aneko's competitor has a Total Asset Turnover 2.0. Is Aneko performing better or worse than...
Classify each of the following items as revenues (R), expenses 1. Cost of sales 4. Owner...
Classify each of the following items as revenues (R), expenses 1. Cost of sales 4. Owner withdraw 2. Service revenue 5. Rent expense 3. Wages expense 6. Rental revenue Classify each of the following items as assets (A), liabilities (L 1. Land 3. Equipment 2. Owner, Capital 4. Accounts payabl On December 31, Hawkin's records show the following ac December income statement for Hawkin. Classify each of the following items as assets (A), liabilities (L), or equity (EQ). 1. Land...
CH 22 #4 Check my work 4 Exercise 22-15 Return on investment LO A1, A2 1.42...
CH 22 #4
Check my work 4 Exercise 22-15 Return on investment LO A1, A2 1.42 points ZNet Co. is a web-based retail company. The company reports the following for the past year. Sales Operating income Average invested assets $ 14,100,000 7,050,000 28,200,000 eBook The company's CEO believes that sales for next year will increase by 10%, and both profit margin (%) and the level of average invested assets will be the same as for the past year. Hint 1....
Return on equity is not 27.35% or 27.36%. Please write the steps to find what the...
Return on equity is not 27.35% or 27.36%. Please write the steps
to find what the correct return on equity should be. Every other
step is already correct.
The 2021 income statement for Anderson TV and Appliance reported net sales of $230,000 and net income of $90,000. Average total assets for 2021 was $500,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that...
Exercise 9-14 Computing and interpreting times interest earned LO A1 Use the following information from separate...
Exercise 9-14 Computing and interpreting times interest earned LO A1 Use the following information from separate companies a through f. ܝܺܛ ܢܽܘ ;; ܦܶ ܗ̇ Net Income (Loss) $124,000 118,600 127,180 105,400 80,600 (34,720) Interest Expense $62,000 35,580 7,626 25, 296 7,254 75,690 Income Taxes $31,000 42,696 61,008 44,268 30, 628 Compute times interest earned. Times Interest Earned Ratio Choose Numerator: 1 Choose Denominator: Company Ratio income before interest & taxes : Interest expense 0 times 0 times Compute times...
E13-2 Computing and Interpreting Profitability Ratios (LO 13-4, LO 13-5) The average price of a gallon...
E13-2 Computing and Interpreting Profitability Ratios (LO 13-4, LO 13-5) The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let's see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2015 2014 Revenues $215 $234 Cost of Purchased Crude Oil and Products 120 125 Other Operating costs 56 Income before Income Tax Expense Income...
QS 9-11 Computing residual income LO A1 Investment Center Cameras and camcorders Phones and communications Computers...
QS 9-11 Computing residual income LO A1 Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,250,000 2,674,000 1,000,000 Average Assets $28,400,000 19,100,000 19,800,000 Assume a target income of 14% of average invested assets. Required: Compute residual income for each division (Enter losses with a minus sign.) Target Income Cameras and Camcorders Phones and Communications Computers and Accessories ces Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income...
URGENT
In a recent year's financial statements, Home Depot reported the following results. Compute and interpret Home Depot's return on assets (assume competitors average an 11.0% return on assets). $95 billion $8 bilfion Average total assets. Sales. Net income. $42 billion
Homework QS 3-25 Identifying current accounts and computing the current ratio LO A2 Accounts receivable Accounts payable Buildings Cash $27,500 Long-term notes payable 15,600 office supplies 57,000 Prepaid insurance 7,700 Unearned services revenue $34,000 2,500 5,080 3,800 1:35 Compute Chavez Company's current ratio using the above information Current Ratio Choose Denominator: Choose Numerator: Current assets 1 1 Current Ratio Current ratio YE
QS 22-10 Computing return on investment LO A1 Compute return on investment for each of these divisions (each is an Investment center). Answer is not complete. Investment Center Net Income Average Assets Return on Investment Cameras and camcorders Phones and communications Computers and accessories 5.712,000 3,870,000 27,200,000 21,500,000 1,870,000 11,000,000
QS 8-15 Computing total asset turnover LO A1 Aneko Company reports the following: net sales of $19,000 for Year 2 and $18,050 for Year 1; end-of-year total assets of $18,600 for Year 2 and $17,400 for Year 1. (1) Compute its total asset turnover for Year 2. Choose Numerator 1 Total asset turnover Choose Denominator: = Total asset turnover Total asset turnover 0 times (2) Aneko's competitor has a Total Asset Turnover 2.0. Is Aneko performing better or worse than...
Classify each of the following items as revenues (R), expenses 1. Cost of sales 4. Owner withdraw 2. Service revenue 5. Rent expense 3. Wages expense 6. Rental revenue Classify each of the following items as assets (A), liabilities (L 1. Land 3. Equipment 2. Owner, Capital 4. Accounts payabl On December 31, Hawkin's records show the following ac December income statement for Hawkin. Classify each of the following items as assets (A), liabilities (L), or equity (EQ). 1. Land...
CH 22 #4
Check my work 4 Exercise 22-15 Return on investment LO A1, A2 1.42 points ZNet Co. is a web-based retail company. The company reports the following for the past year. Sales Operating income Average invested assets $ 14,100,000 7,050,000 28,200,000 eBook The company's CEO believes that sales for next year will increase by 10%, and both profit margin (%) and the level of average invested assets will be the same as for the past year. Hint 1....
Return on equity is not 27.35% or 27.36%. Please write the steps
to find what the correct return on equity should be. Every other
step is already correct.
The 2021 income statement for Anderson TV and Appliance reported net sales of $230,000 and net income of $90,000. Average total assets for 2021 was $500,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that...
Exercise 9-14 Computing and interpreting times interest earned LO A1 Use the following information from separate companies a through f. ܝܺܛ ܢܽܘ ;; ܦܶ ܗ̇ Net Income (Loss) $124,000 118,600 127,180 105,400 80,600 (34,720) Interest Expense $62,000 35,580 7,626 25, 296 7,254 75,690 Income Taxes $31,000 42,696 61,008 44,268 30, 628 Compute times interest earned. Times Interest Earned Ratio Choose Numerator: 1 Choose Denominator: Company Ratio income before interest & taxes : Interest expense 0 times 0 times Compute times...
E13-2 Computing and Interpreting Profitability Ratios (LO 13-4, LO 13-5) The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let's see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2015 2014 Revenues $215 $234 Cost of Purchased Crude Oil and Products 120 125 Other Operating costs 56 Income before Income Tax Expense Income...
QS 9-11 Computing residual income LO A1 Investment Center Cameras and camcorders Phones and communications Computers and accessories Net Income $6,250,000 2,674,000 1,000,000 Average Assets $28,400,000 19,100,000 19,800,000 Assume a target income of 14% of average invested assets. Required: Compute residual income for each division (Enter losses with a minus sign.) Target Income Cameras and Camcorders Phones and Communications Computers and Accessories ces Targeted return Target income Residual Income Cameras and Camcorders Phones and Communications Computers and Accessories Residual income...
Most questions answered within 3 hours.
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A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
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