Homework Answers
| Average total assets = ( Beginning total assets + Ending total assets ) / 2 = ( 712000 + 640000 ) / 2 = | 676000 |
| Return on total assets = Net income / Average total assets = 92000 / 676000 = | 13.6% |
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Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets...
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 16,953 722,855 93,932 113,201 208,935 136,851 The return on total assets is: (Do not round intermediate calculations.) Multiple Choice 2.61% D 6.13% 2.89% O N 2.35% 2.39% < Prex 21 of 36 !!! Next > to search SAMSUNG
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070....
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
Kerch Co. had beginning net fixed assets of $216,558, ending net fixed assets of $211,722, and...
Kerch Co. had beginning net fixed assets of $216,558, ending net fixed assets of $211,722, and depreciation of $40,471. During the year, the company sold fixed assets with a book value of $8,038. How much did the company purchase in new fixed assets? Multiple Choice $43,673 $41,510 $35,635 $32,433 $34,327
A corporation reported cash of $28,000, total assets of $466,000, and total equity of $159710 on...
A corporation reported cash of $28,000, total assets of $466,000, and total equity of $159710 on its balance sheet. Its common-size percent for cash equals: Multiple Choice 100 00: 6010, 1664% Ο Ο Ο Ο 601% 16 64%. < Prey 20 of 35 Next > O Η ere to search SAMSUNG
Help Save & In May, one of the processing departments at Messerh Corporation had beginning work...
Help Save & In May, one of the processing departments at Messerh Corporation had beginning work in process inventory of $29.000 and ending work in process inventory of $50,000. During the month $10.000 of costs were added to production and the cost of units transferred out from the department was $147.000. The company uses the FIFO method in its process costing system. In the departments cost reconciliation report for May, the total cost to be accounted for would be Muimple...
Stuck please help ε Teddy's Pillows had beginning net fixed assets of $460 and ending net...
Stuck please help
ε Teddy's Pillows had beginning net fixed assets of $460 and ending net fixed assets of $528. Assets valued at $308 were sold during the year. Depreciation was $20. What is the amount of net capital spending? Multiple Choice Ο $88 Ο $68 Ο $396 Ο $240 Ο $48
Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company...
Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company's minimum required rate of return is 10%. The division's return on investment (ROI) is closest to: Multiple Choice 9.1% 45.5% 91.0% 20.0%
Carducci Corporation reported net sales of $3.44 million and beginning total assets of $1.06 million and...
Carducci Corporation reported net sales of $3.44 million and beginning total assets of $1.06 million and ending total assets of $1.46 million. The average total asset amount is: o $1.98 million. o О $2.38 milion. o $0.31 million. o $0.34 million. o $1.26 million.
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending...
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.50 billion, and net income of $4.20 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
A company had a beginning balance in retained earnings of $400,000. It had net income of...
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 16,953 722,855 93,932 113,201 208,935 136,851 The return on total assets is: (Do not round intermediate calculations.) Multiple Choice 2.61% D 6.13% 2.89% O N 2.35% 2.39% < Prex 21 of 36 !!! Next > to search SAMSUNG
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
Kerch Co. had beginning net fixed assets of $216,558, ending net fixed assets of $211,722, and depreciation of $40,471. During the year, the company sold fixed assets with a book value of $8,038. How much did the company purchase in new fixed assets? Multiple Choice $43,673 $41,510 $35,635 $32,433 $34,327
A corporation reported cash of $28,000, total assets of $466,000, and total equity of $159710 on its balance sheet. Its common-size percent for cash equals: Multiple Choice 100 00: 6010, 1664% Ο Ο Ο Ο 601% 16 64%. < Prey 20 of 35 Next > O Η ere to search SAMSUNG
Help Save & In May, one of the processing departments at Messerh Corporation had beginning work in process inventory of $29.000 and ending work in process inventory of $50,000. During the month $10.000 of costs were added to production and the cost of units transferred out from the department was $147.000. The company uses the FIFO method in its process costing system. In the departments cost reconciliation report for May, the total cost to be accounted for would be Muimple...
Stuck please help
ε Teddy's Pillows had beginning net fixed assets of $460 and ending net fixed assets of $528. Assets valued at $308 were sold during the year. Depreciation was $20. What is the amount of net capital spending? Multiple Choice Ο $88 Ο $68 Ο $396 Ο $240 Ο $48
Carducci Corporation reported net sales of $3.44 million and beginning total assets of $1.06 million and ending total assets of $1.46 million. The average total asset amount is: o $1.98 million. o О $2.38 milion. o $0.31 million. o $0.34 million. o $1.26 million.
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.50 billion, and net income of $4.20 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
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