Solution:
Return on total assets = Net income / Average total assets = $250,000 / $2,500,000 = 10%
Return on total assets A company reports the following income statement and balance sheet information for...
Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $313,230 55,270 Interest expense Average total assets 5,500,000 Determine the return on total assets. If required, round the percentage to one decimal place.
Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $323,210 Interest expense 57,040 Average total assets 5,070,000 Determine the return on total assets. If required, round the percentage to one decimal place. 15.6 %
Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $424,000 Interest expense 80,000 Average total assets 4,200,000 Determine the return on total assets. (Round percentages to one decimal place.)
Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $182,450 Interest expense 32,200 Average total assets 2,650,000 Determine the return on total assets. If required, round the answer to one decimal place. %
Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $186,560 Interest expense 32,920 Average total assets 3,540,000 Determine the return on total assets. If required, round the answer to one decimal place. X %
Return on total assets A company reports the following income statement and balance sheet information for the current year $410,000 Net income 90,000 Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,000 Total liabilities 600,000 Total stockholders' equity 250,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and...
1. Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $172,560 Interest expense 30,450 Average total assets 2,010,000 Determine the return on total assets. If required, round the percentage to one decimal place. _______% 2. Common Stockholders' Profitability Analysis A company reports the following: Net income $190,000 Preferred dividends 7,600 Average stockholders' equity 1,407,407 Average common stockholders' equity 852,336 Determine (a) the the return on stockholders’ equity and...
A company reports the following income statement and balance sheet information for the current year: Net income $424,000 Interest expense 80,000 Average total assets 4,200,000 Determine the return on total assets. (Round percentages to one decimal place.) ___________%
Please answer All questions 1.) A company reports the following: Income before income tax $3,617,600 Interest expense 133,000 Determine the times interest earned ratio. If required, round the answer to one decimal place. 2.) A company reports the following income statement and balance sheet information for the current year: Net income $562,450 Interest expense 99,260 Average total assets 4,830,000 Determine the return on total assets. If required, round the percentage to one decimal place.
The condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At December 31, 2021 Cash Notes receivable (due August 15, 2022) Accounts receivable (net) Inventory Property, plant, and equipment (net) Intangible assets Total assets Current liabilities Bonds payable (11%) (long-term) Common stock Retained earnings Total liabilities and equity $ 19,000 35,000 48,400 70,600 250,000 12,400 $435,400 $108,400 100,000 70,000 157,000 $435,400 MARJORAM COMPANY Income Statement For the Year ended December 31, 2021 Sales...