Homework Answers
ROE=Net income/equity
Hence net income is equal to=(0.2*1160)
Which is equal to
=$232
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Q14 If a firm has total owner's equity of $1,160 and a return on equity of...
A firm has a return on equity of 23 percent. The total asset turnover is 2.2...
A firm has a return on equity of 23 percent. The total asset turnover is 2.2 and the profit margin is 6 percent. The total equity is $5,600. What is the net income? Multiple Choice $739 $2,834 $336 $1,288 $585
Question 31 Which of the following increases owner's equity? A. Dividends B. Net Loss C. Net...
Question 31 Which of the following increases owner's equity? A. Dividends B. Net Loss C. Net Income D. None of the above
8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity...
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A firm has sales of $500,000, a debt-to-equity ratio of one, and total assets of $1,000,000....
A firm has sales of $500,000, a debt-to-equity ratio of one, and total assets of $1,000,000. If its profit margin is 5%, what is the firm’s return on equity? a) 3.3% b) 6.7 % c) 5.0 % d) 2.5 % e) Further information is needed,
McCain Foods has a market value equal to its book value. Currently, the firm has excess...
McCain Foods has a market value equal to its book value. Currently, the firm has excess cash of $9,156 and other assets of $74,200. Equity is worth $45,300. The firm has 1,450 shares of stock outstanding and net income of $5,800. What will the new earnings per share be if the firm uses its excess cash to complete a stock repurchase? $5.94 $6.29 $5.01 $5.77 $5.42
the DuPont formula relates return on equit The DuPont formula relates return on equity (= Net...
the DuPont formula relates return on equit
The DuPont formula relates return on equity (= Net income, - Stockholders equity) to the company's net profit margin (= Net income Sales), asset turnover (= Sales + Total assets), and equity multiplier (= Total assets + Stockholders equity). This Company is in an industry where the average net profit margin is 6.19%, the debt-to-asset ratio (= Debt + Total assets) is 27.9%, and return on equity is 20.22%. Find below the Company's...
Y3K, Inc., has sales of $4,600, total assets of $3,245, and a debt-equity ratio of 1.60....
Y3K, Inc., has sales of $4,600, total assets of $3,245, and a debt-equity ratio of 1.60. If its return on equity is 14 percent, what its net income? A. $644.00 B. $174.73 C. $123.26 D. $454.30 E. $51.47
Currently, the firm has excess cash of $1,500, other assets of $5,000, and equity valued at...
Currently, the firm has excess cash of $1,500, other assets of $5,000, and equity valued at $4,000. The firm has 300 shares of stock outstanding and net income of $380. What will the new earnings per share (EPS) be if the firm uses 20 percent of its excess cash to complete a stock repurchase? Please assume that the market value of the firm equal to its book value. Group of answer choices $1.27 $1.36 $1.68 $1.83 None of above is...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
Major Electric Corporation (MEC) has a Return on Equity of 20% and Total Debt Ratio =...
Major Electric Corporation (MEC) has a Return on Equity of 20% and Total Debt Ratio = 0.30. If its total debt is $500,000 and its sales = $2,000,000, what is the return on assets? a. 0.75 b. 0.14 c. 1.50 d. 2.00
A firm has a return on equity of 23 percent. The total asset turnover is 2.2 and the profit margin is 6 percent. The total equity is $5,600. What is the net income? Multiple Choice $739 $2,834 $336 $1,288 $585
8. Salary expense a) Owner's equity b) Liabilities c) Assets 9. Rent payable a) Owner's equity b) Liabilities c) Assets 10. Rent expense a)Owner's equity b) Liabilities Assets 11. Consulting revenue Owner's equity a) b) Liabilities c) Assets 12. Service revenue a) Owner's equity b) Liabilities c) Assets 13. Owner's withdrawals a) Owner's equity b) Liabilities c) Assets 14. Owner's capital a) Owner's equity b) Liabilities c) Assets 3. Signify the item that most accurately describes an asset. a) An...
the DuPont formula relates return on equit
The DuPont formula relates return on equity (= Net income, - Stockholders equity) to the company's net profit margin (= Net income Sales), asset turnover (= Sales + Total assets), and equity multiplier (= Total assets + Stockholders equity). This Company is in an industry where the average net profit margin is 6.19%, the debt-to-asset ratio (= Debt + Total assets) is 27.9%, and return on equity is 20.22%. Find below the Company's...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
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