Homework Answers
Average asset invested =[beginning value +Ending value]/2
= [200000+ 300000]/2
= 500000/ 2
= 250000
Return on assets = Net income /Average asset invested
= 40000/ 250000
= .16 or 16%
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Swiss Group reports net income of $40,000 for 2017. At the beginning of 2017, Swiss Group...
Exercise 1-14 Analysis of return on assets LO A2 Swiss Group reports net income of $40,000...
Exercise 1-14 Analysis of return on assets LO A2 Swiss Group reports net income of $40,000 for 2017 At the beginning of 2017, Swiss Group had $200,000 in assets. By the end of 2017, assets had grown to $300,000. 10 upseWhat is Swiss Group's 2017 return on assets? eferences
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The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net...
The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net income of $90,000. Average total assets for 2021 was $400,000. 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 occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2021. Profit Margin (%) Choose Numerator: 1 Choose Denominator: Profit...
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Ecker Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred...
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Brad's BBQ reported sales of $871,500 and net income of $43,000. Brad’s also reported ending total...
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Exercise 1-14 Analysis of return on assets LO A2 Swiss Group reports net income of $40,000 for 2017 At the beginning of 2017, Swiss Group had $200,000 in assets. By the end of 2017, assets had grown to $300,000. 10 upseWhat is Swiss Group's 2017 return on assets? eferences
A corporation had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $126,000 172,500 Liabilities $54,016 69,863 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $950 cash per month. C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange...
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ZNet Co. is a web-based retail company. The company reports the following for 2017 Sales Operating income Average invested assets $13,920,000 6,960,000 34,800,000 The company's CEO believes that sales for 2018 will increase by 30%, and both profit margin (%) and the level of average invested assets will be the same as for 2017 1. Compute return on investment for 2017. 2. Compute profit margin for 2017. 3. If the CEO's forecast is correct, what will return on investment equal...
Ecker Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year. At year- end, the company had 270,000 weighted average shares of common stock 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS? Basic Earnings per Share Choose Denominator: Choose Numerator: Basic Earnings per Share Basic earnings per share
Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 350,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS? Basic Earnings per Share Choose Numerator: Choose Denominator: Basic Earntgs per Share Basic earnings per share
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