Homework Answers
| Net income | / | Average assets | = Return on assets |
| $40,000 | / | $250,000 | = 16% |
Working notes
Average assets = (Beginning assets + ending assets) /2
Add Answer to:
Exercise 1-14 Analysis of return on assets LO A2 Swiss Group reports net income of $40,000...
Swiss Group reports net income of $40,000 for 2017. At the beginning of 2017, Swiss Group...
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. What is Swiss Group's 2017 return on assets? Choose Numerator: Choose Denominator: Return on assets
Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group...
Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group had $198,000 in assets. By the end of 2017, assets had grown to $248,000. What is Swiss Group's 2017 return on assets?
A corporation had the following assets and liabilities at the beginning and end of this year....
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 $45,000 cash in exchange...
Exercise 09-14 Profit margin LO A2 Apple Inc. reports the following for three of its geographic...
Exercise 09-14 Profit margin LO A2 Apple Inc. reports the following for three of its geographic segments for a recent year. ($ millions) Operating income Sales Americas $ 30,684 96,600 Europe $16,514 54,938 China $17,032 44,764 Compute profit margin for each division. (Round your answers to 1 decimal place.) Profit Margin Americas Europe China
9781259536 QS 1-15 Computing and interpreting return on assets LO A2 In a recent year's financial...
9781259536
QS 1-15 Computing and interpreting return on assets LO A2 In a recent year's financial statements, Home Depot reported the following results. Sales Net income Average total assets $83 billion 6 billion 40 billion Compute Home Depot's return on assets. (Enter the values in billions.) Choose Denominator Choose Numerator Net income Return on Assets Average total assets
1. Net Income 2.Total Assets 3. Retained Earnings (the firm is in its first year of...
1. Net Income
2.Total Assets
3. Retained Earnings (the firm is in its first year of
operations so the beginning balance of this account is zero; you
need to caculate what would be reported at the end if the
year).
5 Kokomo Company reports the following account balances on December 31, 2017, the end of 6 its first year of operations after adjusting entries have been recorded. 7 8 Accounts Payable $10,000 Insurance Expense $3,000 9 Accounts Receivable 30,000 Prepaid...
Exercise 5-12 Analysis of inventory errors LO A2 2016-2018, and it purchased merchandise had $1.000,000 of...
Exercise 5-12 Analysis of inventory errors LO A2 2016-2018, and it purchased merchandise had $1.000,000 of sales in each of three consecutive years 2016-2 Vibrant Company $550000 in each of period. In accounting for inventory, it made an error at the end statements as $280,000 rather than the correct $300,000 those years. It also maintained a $300,000 physical inventory from the beginning to the end of that three-year of year 2016 that caused its year-end 2016 inventory to appear on...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at...
Exercise 2-15 Computing net income LO A1 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 Liabilities 121,500 $ 52,087 179,500 72,698 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 $1,200 cash per month. c. No dividends were paid during the year, but the owner...
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at...
Exercise 2-15 Computing net income LO A1 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 $112,500 155,000 Liabilities $48,229 62,775 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 $1,200 cash per month c. No dividends were paid during the year, but the owner did...
Brief Exercise 14-10 Linebarger Corporation has net income of $13.83 million and net revenue of $75.49...
Brief Exercise 14-10 Linebarger Corporation has net income of $13.83 million and net revenue of $75.49 million in 2017. Its assets are $13.58 million at the beginning of the year and $19.40 million at the end of the year. What are Linebarger's (a) asset turnover and (b) profit margin? (Round answers to 1 decimal place, eg, 1.6 0r 1.6%.) (a) Asset turnover (b) Profit margin times
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. What is Swiss Group's 2017 return on assets? Choose Numerator: Choose Denominator: Return on assets
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 $45,000 cash in exchange...
Exercise 09-14 Profit margin LO A2 Apple Inc. reports the following for three of its geographic segments for a recent year. ($ millions) Operating income Sales Americas $ 30,684 96,600 Europe $16,514 54,938 China $17,032 44,764 Compute profit margin for each division. (Round your answers to 1 decimal place.) Profit Margin Americas Europe China
9781259536
QS 1-15 Computing and interpreting return on assets LO A2 In a recent year's financial statements, Home Depot reported the following results. Sales Net income Average total assets $83 billion 6 billion 40 billion Compute Home Depot's return on assets. (Enter the values in billions.) Choose Denominator Choose Numerator Net income Return on Assets Average total assets
1. Net Income
2.Total Assets
3. Retained Earnings (the firm is in its first year of
operations so the beginning balance of this account is zero; you
need to caculate what would be reported at the end if the
year).
5 Kokomo Company reports the following account balances on December 31, 2017, the end of 6 its first year of operations after adjusting entries have been recorded. 7 8 Accounts Payable $10,000 Insurance Expense $3,000 9 Accounts Receivable 30,000 Prepaid...
Exercise 5-12 Analysis of inventory errors LO A2 2016-2018, and it purchased merchandise had $1.000,000 of sales in each of three consecutive years 2016-2 Vibrant Company $550000 in each of period. In accounting for inventory, it made an error at the end statements as $280,000 rather than the correct $300,000 those years. It also maintained a $300,000 physical inventory from the beginning to the end of that three-year of year 2016 that caused its year-end 2016 inventory to appear on...
Exercise 2-15 Computing net income LO A1 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 Liabilities 121,500 $ 52,087 179,500 72,698 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 $1,200 cash per month. c. No dividends were paid during the year, but the owner...
Exercise 2-15 Computing net income LO A1 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 $112,500 155,000 Liabilities $48,229 62,775 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 $1,200 cash per month c. No dividends were paid during the year, but the owner did...
Brief Exercise 14-10 Linebarger Corporation has net income of $13.83 million and net revenue of $75.49 million in 2017. Its assets are $13.58 million at the beginning of the year and $19.40 million at the end of the year. What are Linebarger's (a) asset turnover and (b) profit margin? (Round answers to 1 decimal place, eg, 1.6 0r 1.6%.) (a) Asset turnover (b) Profit margin times
Most questions answered within 3 hours.
-
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 1 hour ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 2 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 1 hour ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 2 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 3 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 3 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 3 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 3 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 3 hours ago -
Why are polymers not typically casted into products?
asked 3 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 4 hours ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 3 hours ago