Beginning assets = 93932+208935 = 302867
Ending assets = 113201+136851 = 250052
Average assets = (302867+250052/2) = 276459.50
Return on assets = Net income/Average assets = 16953/276459.50 = 6.13%
So answer is b) 6.13%
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...
Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets of $640,000. Its return on total assets is: Multiple Choice 13.6% O 12.9% O 696% 774% 14.4% < Prex 24 of 36 HR Next > re to search O SAMSUNG
1. Selected current year information for the Prosper Co. follows: Net income Net sales... Total liabilities, beginning-year ... Total liabilities, end-of-year......... Total stockholders' equity, beginning-year. Total stockholders' equity, end-of-year....... S 15.953 712.855 83,932 103,201 198,935 121.851 A. Calculate the total asset turnover ratio (3 points): B. Calculate return on total assets (3 points):
The accounting equation is defined as: Multiple Choice Assets = Liabilities - Stockholders' Equity. Net Income = Revenues - Expenses. Assets = Liabilities + Stockholders' Equity. Liabilities + Revenues - Assets.
Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of year: Total Assets 180,000 Total Liabilities 50,000 Total Owner's equity 130,000 Changes during year in owner's equity: Additional Investments 25,000 Drawings (b) Total Revenues. 100,000 Total Expenses 65,000 Please solve for a&b and show the calculations.
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
Dividends to common stockholders Net income added to retained warnings Beginning retained earnings Ending retained earnings 280 17,561 36, 1 $53,711 350 5,41 38,140 $16.15 Required: Compute the following financial data for this year Last Year $65,000 37.000 28,000 1. Accounts receivable turnover (Assume that all Sales are on account) (Round your answer to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Inventory...
At the beginning of the year, Wildhorse Company had total assets of $831,000 and total liabilities of $593,000. (Treat each item independently.) (a) If total assets increased $161,000 during the year and total liabilities decreased $77,000, what is the amount of stockholders’ equity at the end of the year? (b) During the year, total liabilities increased $91,000 and stockholders’ equity decreased $65,000. What is the amount of total assets at the end of the year? (c) If total assets decreased...
At the beginning of the year, Crane Company had total assets of $900,000 and total liabilities of $514,000. (Treat each item independently.) ( a) If total assets increased $173,000 during the year and total liabilities decreased $71,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity_____ (b) During the year, total liabilities increased $103,000 and stockholders’ equity decreased $61,000. What is the amount of total assets at the end of the year? total assets...
At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.) (a) If total assets increased $140,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 540000 (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year? Total assets...
At the beginning of the year, Morales Company had total assets of $833,000 and total liabilities of $553,000. (Treat each item independently.) (a) If total assets increased $147,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity $enter a dollar amount (b) During the year, total liabilities increased $105,000 and stockholders’ equity decreased $76,000. What is the amount of total assets at the end of the...