Homework Answers
Answering first four part as per Chegg's guidelines:
1.Calculation of return on Assets
ROA=Net Income/Total Assets
=100,000/(200,000+1000,000+1800,000)
=0.03
2.Calculation of Return on equity(ROE)
ROE=Net Income/Total Equity
=100,000/2000,000
=0.05
3.Higher the ROA,efficiently the company utilised its assets.Since ROA of current year is less than the ROA of 2018,hence ROA of 2018 is better.
4.ROE implies the earning ability of company against its shareholders investment.Higher the ROE,higher will be profitability.Since the ROE of 2019 is less than of 2018,hence ROE of 2018 is better.
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Sorry for the confusion.
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data. Use your 2018 solutions for the 2017 submissions and your
2019 solutions for the 2018 submission --- that is to say make sure
that the 1st Years and the 2nd Years match up.
Sorry for the confusion.
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submission. The Google Form incorrectly calls for 2017 and 2018
data. Use your 2018 solutions for the 2017 submissions and your
2019 solutions for the 2018 submission --- that is to say make sure
that the 1st Years and the 2nd Years match up.
Sorry for the confusion.
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submission. The Google Form incorrectly calls for 2017 and 2018
data. Use your 2018 solutions for the 2017 submissions and your
2019 solutions for the 2018 submission --- that is to say make sure
that the 1st Years and the 2nd Years match up.
Sorry for the confusion.
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