P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT...
P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT 6,423 Interest Expense 510 EBT 5,913 Taxes 2,070 Net Income 3,843 P&M Inc. 2012 Balance Sheet Cash 1,003 Account Payable 3,668 Account Receivable 4,218 Accrued 4,716 Inventory 21,908 Current Liability 8,384 Current Assets 27,129 Long-term Debt 11,500 Net Fixed Assets 14,080 Common Stock 17,500 Retained Earnings 3,825 Total Assets 41,209 Total Liabilities and Equity 41,209 What is the return on equity for 2012?
15.29 percent
16.46 percent
17.38 percent
18.02 percent
18.12 percent
Homework Answers
ROE = net income / shareholders equity
= 3843/(17500+3825)
= 3843/21325
= 0.18021101993
= 18.02 percent
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P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of
Goods Sold 28,225 Depreciation 1,760 EBIT...
P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT...
P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT 6,423 Interest Expense 510 EBT 5,913 Taxes 2,070 Net Income 3,843 P&M Inc. 2012 Balance Sheet Cash 1,003 Account Payable 3,668 Account Receivable 4,218 Accrued 4,716 Inventory 21,908 Current Liability 8,384 Current Assets 27,129 Long-term Debt 11,500 Net Fixed Assets 14,080 Common Stock 17,500 Retained Earnings 3,825 Total Assets 41,209 Total Liabilities and Equity 41,209 What is the equity to asset ratio for 2012?...
P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT...
P&M Inc. 2012 Income Statement Net Sales 36,408 Cost of Goods Sold 28,225 Depreciation 1,760 EBIT 6,423 Interest Expense 510 EBT 5,913 Taxes 2,070 Net Income 3,843 P&M Inc. 2012 Balance Sheet Cash 1,003 Account Payable 3,668 Account Receivable 4,218 Accrued 4,716 Inventory 21,908 Current Liability 8,384 Current Assets 27,129 Long-term Debt 11,500 Net Fixed Assets 14,080 Common Stock 17,500 Retained Earnings 3,825 Total Assets 41,209 Total Liabilities and Equity 41,209 How many dollars of sales are being generated from...
Use the following information to determine the ROA for the firm in Fiscal 2012 Precision Tool...
Use the following information to determine the ROA for the firm in Fiscal 2012 Precision Tool 2012 Income Statement Net sales $36,408 Less: Cost of goods sold 28,225 Less: Depreciation 1,760 Earnings before interest and taxes 6,423 Less: Interest paid 510 Taxable Income $5,913 Less: Taxes 2,070 Net income $3,843 Precision Tool 2011 and 2012 Balance Sheets 2011 2012 2011 2012 Cash $2,060 $1,003 Accounts payable $7,250 $8,384 Accounts rec. 3,411 4,218 Long-term debt 9,800 11,500...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings 2009 Balance Sheet Cash $3,160 Accounts Payable Accounts rec 4,160 Long-term debt Inventory 6,480 Common stock Total $13,800 Retained earnings Net fixed assets 29.400 Total assets $43,200 Total liabilities & equity $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 $8,120 21,200 7,500 6,380 543,200 HLM, Ine. is...
Major Manuscripts, Inc. 2009 Income Statement Net sales 7200 Cost of goods sold 6,665 Depreciation 190...
Major Manuscripts, Inc. 2009 Income Statement Net sales 7200 Cost of goods sold 6,665 Depreciation 190 Earnings before interest and 845 taxes Interest paid 22 Taxable income 822 Taxes 287 Net income 536 Dividends 241 Cash Accounts rec Inventory Total Net fixed assets Total assets Major Manuscripts, Inc. 2009 Balance Sheet 2009 2,200 Accounts payable 870 Long-term debt 2.300 Common stock 5,370 Retained earnings 3.060 8.430 Total liabilities & equity 2009 1,700 300 2,600 3.830 8.430 Major Manuscripts, Inc. does...
2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable income Less: Taxes Net Income Dividends Additions to retained earnings 2009 Balance Sheet Cash $3,160 Accounts Payable Accounts rec 4,160 Long-term debt Inventory 6,480 Common stock Total $13,800 Retained earnings Net fixed assets 29.400 Total assets $43,200 Total liabilities & equity $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 $8,120 21,200 7,500 6,380 543,200 HLM, Ine. is...
Major Manuscripts, Inc. 2009 Income Statement Net sales 7200 Cost of goods sold 6,665 Depreciation 190 Earnings before interest and 845 taxes Interest paid 22 Taxable income 822 Taxes 287 Net income 536 Dividends 241 Cash Accounts rec Inventory Total Net fixed assets Total assets Major Manuscripts, Inc. 2009 Balance Sheet 2009 2,200 Accounts payable 870 Long-term debt 2.300 Common stock 5,370 Retained earnings 3.060 8.430 Total liabilities & equity 2009 1,700 300 2,600 3.830 8.430 Major Manuscripts, Inc. does...
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