Help please, I am unsure how to calulate this problem The following information is available for...
Help please,
I am unsure how to calulate this problem
The following information is available for the Gold Company:
Net income for the year ended December 31, 2014 $127.4
Retained earnings, December 31, 2014 150.0
Retained earnings, December 31, 2013 180.0
Total assets, December 31, 2014 470.0
Total assets, December 31, 2013 442.0
Total liabilities, December 31, 2014 240.0
Total liabilities, December 31, 2013 182.0
What is the return on stockholders' equity for the year ended December 31, 2014?
A) 24.1%
B) 27.1%
C) 52.0%
D) 55.4%
Homework Answers
Correct answer will be 52 %
Detail working for your refrence
| Return on Stockholder Equity= Net Income/ Average Stoccckholder equity |
| Stockholder Equity= Total Asset- Total Liabilities |
| 2013=442-182=260 |
| 2014=470-240=230 |
| Average Equity= (260+230)/2=245 |
| Stock holder Equity=127.40/245= 52% |
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Help please,
I am unsure how to calulate this problem
The following information is available for...
my question is how do i calulate the inventorry Problem 1 anuary 1, 2013, Carpenter acquired...
my
question is how do i calulate the inventorry
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help I am lost and don't know what I am doing please
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my
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help I am lost and don't know what I am doing please
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