Homework Answers
Return on Equity (ROE) = Net income/Average stockholders’ equity
Average stockholders’ equity = ($5,716 + $6,262)/2 = $11,978/2 = $5,989
Return on Equity = $2,558.4/$5,989 = 42.7%
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I am having trouble calculating the net income. Along with
answering the question could you provide the formula to calculate
net income so I know how to do it going forward. Thanks.
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rest of my values correct? i'm not sure if investing and financing
are correct
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1.2.
3.
Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,000. A comparison of this year's and last year's balance sheets reveals an increase in accounts receivable of $27,000, an increase in inventory of $16,000, and a decrease in accounts payable of $47,000. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as...
I am having trouble calculating the net income. Along with
answering the question could you provide the formula to calculate
net income so I know how to do it going forward. Thanks.
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