What is the return on assets for 2018? 2018 2019 Beginning balance assets $47,500 $62,000 Ending...
What is the return on assets for
2018?
| 2018 | 2019 | |
| Beginning balance assets | $47,500 | $62,000 |
| Ending balance assets | $62,000 | $75,000 |
| Revenue | $30,000 | $32,000 |
| Expenses | $12,000 | $10,500 |
Homework Answers
Ans - 32.88% (Ans)
Return on assets = (Net income / Average total
assets)
Net income of 2018 = (Revenues - Expenses)
=> ($30000 - $12000)
=> $18000
Average total assets of 2018 = [(Beginning balance assets + Ending
balance assets) /2]
=> [($47500 + $62000) / 2]
=> 54750
So, Return on assets for 2018 = ($18000 /
$54750)
=> 32.88%
(If there are any questions, kindly let me know in comments. If the solution is to your satisfaction, a thumbs up would be appreciated. Thank You)
Add Answer to:
What is the return on assets for
2018?
2018
2019
Beginning balance assets
$47,500
$62,000
Ending...
complete the following balance sheet. Assets 12/31/2018 12/31/2019 Change Cash $25,000 $35,000 Marketable Securities $10,000 $15,000...
complete the following balance sheet. Assets 12/31/2018
12/31/2019 Change Cash $25,000 $35,000 Marketable Securities
$10,000 $15,000 Accounts Receivable $1,500 $1,500 Fertilizer and
Supplies $500 $25,000 Investments in Growing Crops $48,500 $86,000
Crops held for Sale and Feed $12,000 $8,000 Market Livestock
$75,000 $115,000 Total Current Assets Breeding Livestock $45,000
$35,000 Machinery and Equipment $350,000 $315,000 Buildings $75,000
$85,000 Investments in Cooperatives $2,000 $2,000 Land $500,000
$525,000 Total Non-Current Assets Total Assets Flag this Question
Question 211.5 pts Complete the following...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp.,...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp., Inc. for the years 2018 and 2019 Star Wars Hotel Corp., Inc. Condensed Balance Sheets December 31, 2018 and 2019 Current assets: 2018 Cash $10,000 Marketable securities 35,000 Accounts receivable 26,500 Inventories 10,000 Prepaid Expenses 15,000 Noncurrent assets: Property, Plant & Equipment 200,000 Accumulated depreciation (20.000) Total Assets $276,500 $12,000 32,000 18,500 20,000 16,000 325,000 (64,000) $359,500 Current liabilities: Accounts payable Mortgage payable (current)...
Brooklet Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current...
Brooklet Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable Inventory BROOKLET COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 45,262 $ 57,602 Accounts payable 61,281 61,281 81,639 81,639 Notes payable 126,088 192,061 $ 190,922 $ 198,611 86,020 137,588 Total $276,942 $ 336,199 Total $ 232,631 $ 331,302 Long-term debt $239,000 $ 175,750 Owners' equity Common stock and paid-in...
Solve the Average Merchandise Inventory and Inventory Turnover for 2017, 2018, and 2019. 2018 $ 2017...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
BobCat reported total assets of $30,000 at the end of 2019 and net income of $12,000...
BobCat reported total assets of $30,000 at the end of 2019 and net income of $12,000 for 2019. BobCat's Beginning inventory (1/1/19) was overstated by $2,000. Ignore tax effect. What is the correct amount of total assets at the end of 2019 and net income for 2019? O A. 30,000; 12,000 O B. 28,000; 12,000 O C. 30,000; 14,000 O D. 28,000; 14,000 Pick true statement about the approximation of the current cost O A. LIFO ending inventory is at...
Beginning of the Year End of the Year Current assets $62,000 $82,000 Current liabilities 25,000 55,000...
Beginning of the Year End of the Year Current assets $62,000 $82,000 Current liabilities 25,000 55,000 Plant and equipment 300,000 350,000 Long-term liabilities 50,000 75,000 Common shareholders’ equity 125,000 225,000 Preferred shareholders’ equity 60,000 85,000 Given the following information for Victory Stables, calculate their return on assets, and return on equity and comment on the use of these ratios (why would we use them? what do they tell us?). Net income $50,000 Interest expense 8,500 Income tax expense 15,250 Preferred...
Below are the income statement and comparative balance sheet of Doone Corporation for year ending Dec...
Below are the income statement and comparative balance sheet of Doone Corporation for year ending Dec 31, 2019 is given below. All amounts in Canadian dollars. Required: Prepare the cashflow statement, clearly including operating, financing and investing activities up to the net change in cash using the Indirect method as of Dec 31, 2019. Doone Corporation Income Statement For the Year ended Dec 31, 2019 Sales Revenue 780,000 Less: Cost of Goods Sold 360,000 Gross Profit 420,000 Less: Selling,...
Robust Robots, Inc. Comparative Balance Sheet- Horizontal Analysis December 31, 2019 and 2018 Assets 2019 2018...
Robust Robots, Inc. Comparative Balance Sheet- Horizontal Analysis December 31, 2019 and 2018 Assets 2019 2018 Differents Percentage Current Assets: Cash $65,000 $80,000 $ (15,000.00) -18.75% Accounts Receivable, net $150,000 $100,000 $ 50,000.00 50.00% Merchandise Inventory $135,000 $70,000 $ 65,000.00 92.86% Supplies $9,700 $500 $ 9,200.00 1840.00% Prepaid Insurance $30,000 $10,000 $ 20,000.00 200.00% Total Current Assets $389,700 $260,500 $ 129,200.00 49.60% Property, Plant, and Equipment: Equipment $500,000 $240,000 $ 260,000.00 108.33% Less: Accumulated Depreciation - Equipment ($80,000) ($90,000) $ ...
Robust Robots, Inc. Comparative Balance Sheet- Horizontal Analysis December 31, 2019 and 2018 Assets 2019 2018...
Robust Robots, Inc. Comparative Balance Sheet- Horizontal Analysis December 31, 2019 and 2018 Assets 2019 2018 Differents Percentage Current Assets: Cash $65,000 $80,000 $ (15,000.00) -18.75% Accounts Receivable, net $150,000 $100,000 $ 50,000.00 50.00% Merchandise Inventory $135,000 $70,000 $ 65,000.00 92.86% Supplies $9,700 $500 $ 9,200.00 1840.00% Prepaid Insurance $30,000 $10,000 $ 20,000.00 200.00% Total Current Assets $389,700 $260,500 $ 129,200.00 49.60% Property, Plant, and Equipment: Equipment $500,000 $240,000 $ 260,000.00 108.33% Less: Accumulated Depreciation - Equipment ($80,000) ($90,000) $ ...
Complete the following balance sheet Assets 12/31/2018 12/31/2019 Change Cash $25,000 $35,000 $10,000 $15,000 $1,500 $1,500...
Complete the following balance sheet Assets 12/31/2018 12/31/2019 Change Cash $25,000 $35,000 $10,000 $15,000 $1,500 $1,500 Marketable Securities Accounts Receivable Fertilizer and Supplies Investments in Growing Crops Crops held for Sale and Feed $500 $25,000 $48,500 $86,000 $12,000 $8,000 Market Livestock $75,000 $115,000 Total Current Assets Breeding Livestock $45.000 $35,000 Machinery and Equipment $350,000 $315.000 Buildings $75,000 $85.000 $500 $25,000 $48,500 Supplies Investments in Growing Crops Crops held for Sale and Feed $86,000 $12,000 $8,000 Market Livestock $75,000 $115,000 Total...
complete the following balance sheet. Assets 12/31/2018
12/31/2019 Change Cash $25,000 $35,000 Marketable Securities
$10,000 $15,000 Accounts Receivable $1,500 $1,500 Fertilizer and
Supplies $500 $25,000 Investments in Growing Crops $48,500 $86,000
Crops held for Sale and Feed $12,000 $8,000 Market Livestock
$75,000 $115,000 Total Current Assets Breeding Livestock $45,000
$35,000 Machinery and Equipment $350,000 $315,000 Buildings $75,000
$85,000 Investments in Cooperatives $2,000 $2,000 Land $500,000
$525,000 Total Non-Current Assets Total Assets Flag this Question
Question 211.5 pts Complete the following...
cee the comparative balance sheets of Star Wars Hotel Corp., Inc. for the y 2019. orp., Inc. for the years 2018 and 2019 Star Wars Hotel Corp., Inc. Condensed Balance Sheets December 31, 2018 and 2019 Current assets: 2018 Cash $10,000 Marketable securities 35,000 Accounts receivable 26,500 Inventories 10,000 Prepaid Expenses 15,000 Noncurrent assets: Property, Plant & Equipment 200,000 Accumulated depreciation (20.000) Total Assets $276,500 $12,000 32,000 18,500 20,000 16,000 325,000 (64,000) $359,500 Current liabilities: Accounts payable Mortgage payable (current)...
Brooklet Company reports the following balance sheet information for 2018 and 2019. 2018 2019 Assets Current assets Cash Accounts receivable Inventory BROOKLET COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 45,262 $ 57,602 Accounts payable 61,281 61,281 81,639 81,639 Notes payable 126,088 192,061 $ 190,922 $ 198,611 86,020 137,588 Total $276,942 $ 336,199 Total $ 232,631 $ 331,302 Long-term debt $239,000 $ 175,750 Owners' equity Common stock and paid-in...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
BobCat reported total assets of $30,000 at the end of 2019 and net income of $12,000 for 2019. BobCat's Beginning inventory (1/1/19) was overstated by $2,000. Ignore tax effect. What is the correct amount of total assets at the end of 2019 and net income for 2019? O A. 30,000; 12,000 O B. 28,000; 12,000 O C. 30,000; 14,000 O D. 28,000; 14,000 Pick true statement about the approximation of the current cost O A. LIFO ending inventory is at...
Complete the following balance sheet Assets 12/31/2018 12/31/2019 Change Cash $25,000 $35,000 $10,000 $15,000 $1,500 $1,500 Marketable Securities Accounts Receivable Fertilizer and Supplies Investments in Growing Crops Crops held for Sale and Feed $500 $25,000 $48,500 $86,000 $12,000 $8,000 Market Livestock $75,000 $115,000 Total Current Assets Breeding Livestock $45.000 $35,000 Machinery and Equipment $350,000 $315.000 Buildings $75,000 $85.000 $500 $25,000 $48,500 Supplies Investments in Growing Crops Crops held for Sale and Feed $86,000 $12,000 $8,000 Market Livestock $75,000 $115,000 Total...
Most questions answered within 3 hours.
-
You will select one card from a standard deck of 52 cards. What
is the probability...
asked 21 minutes ago -
50% of the volume of a boat, sailing down the Mississippi (where
the water density ρ...
asked 42 minutes ago -
Calculate how many moles of ions are in 1.4 L of 2.9 M KNO2
(aq). Remember...
asked 1 hour ago -
Experiment:
In the experiment: Mix together 74 g. (92 ml.) of n-butyl
alcohol and 120 g....
asked 2 hours ago -
This Python module will be menu driven
and use conditions to check user input in order...
asked 2 hours ago -
Tip Calculator App
For this project, you will create a tip calculator Android
app. The user...
asked 3 hours ago -
A first order chemical reaction has an energy of activation of
90.0 kJ/mol and a rate...
asked 4 hours ago -
Which statement is not correct?
Mutations change the sequence of nucleotides in DNA.
Mutations can be...
asked 6 hours ago -
An organization is not required to accommodate an employee's
disability when the accommodation would cause "undue...
asked 6 hours ago -
Mojo Mining has a bond outstanding that sells for $2,165 and
matures in 17 years. The...
asked 6 hours ago -
Olympic weightlifter Zoe Smith holds a 58 kg barbell over her
head, 2.1 meters above the...
asked 6 hours ago -
For sample average = 28 and a μ = 17 and a s = 4 and...
asked 6 hours ago