Belen Company has the following financial data related to years 2017 and 2018: Net Income 2017: &nb
Belen Company has the following financial data related to years 2017 and 2018:
Net Income 2017: $30,000
Net Income 2018: $45,000
Average Total Assets 2017: $347,000
Average Total Assets 2018: $425,000
Average Stockholders’ Equity 2017: $127,000
Average Stockholders’ Equity 2018: $115,000
Based on the information above, Belen Company’s Return on Assets for year 2018 is:
a. 10.59%
b. 12.97%
c. 8.65%
d. 7.06%
e. 8.82%
Homework Answers
Correct answer---------(a) 10.59%
Working
| A | Net income for 2018 | $ 45,000 |
| B | Average total assets | $ 425,000 |
| A/B x 100 | Return on assets | 10.59% |
Add Answer to:
Belen Company has the following financial data related
to years 2017 and 2018:
Net
Income
2017: &nb
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,700 42,999 14,609 18,700 138,000 264,000 120,000 120,000 eBook Hint Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Print References PLUMMER STONEWORK CORPORATION Statement of Stockholders'...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement...
ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement 2018 2017 Revenue $ 1,500 $ 1,300 EBITDA $ 160 $ 150 Dep. & Amor $ 30 $ 25 EBIT $ 130 $ 125 Net Income $ 21 $ 20 EBT $ 109 $ 105 Taxes (35%) Net Income Balance Sheet 2018 2017 Current Assets $ 340 $ 250 Net Plant & Equip. $ 370 $ 340 Total Assets $ 710 $ 690 Current...
Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and...
Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 March 31, 2018 Cash 139,600 237,000 Accounts receivable 79,100 90,900 Supplies 7,000 5,800 Accounts payable $35,800 $38,700 Common stock 130,000 130,000 Retained earnings ? ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets $ Total assets $ Liabilities $ Stockholders' Equity $ Total stockholders'...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018 2017 2016 $ 759,000 $ 701,000 $ 646,000 $ 661,000 59,000 45,000 37,000 49,000 364,000 350,000 334,000 290,000 Print Done Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing The Right Mission Corporation's trend analysis for net sales revenue, then compute The Right Mission Corporation's trend analysis...
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 2048 2017 Net...
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 2048 2017 Net income $273,406 $367,976 2016 $631,176 2015 $884,000 2014 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) Total stockholders' equity (ending balance) 4,417,178 3,706,557 4,270,764 3,569,855 4,124,350 3,433,152 3,928,396 3,249,164 3,732,443 3,065,176 3,535,472 2,749,588 3,338,500 2,434,000 3,044,250 1,992,000 2,750,000 1,550,000 2,475,000 1,150,000 Average total assets Average total stockholders' equity You have been asked...
Excerpts from Michael Organization's December 31, 2018 and 2017, financial statements are presented below: 2018 2017...
Excerpts from Michael Organization's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $ 40,000 $ 36,000 Merchandise inventory $ 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net income 32,500 28,000 Michael's 2018 average collection period is: question 2: On June 1st, Jane & Sons received an order for 500 cupcakes. Lucy delivered the cupcakes to the client on June 27th....
The comparative statements of financial position for the years 2017 and 2018 and a summarized income...
The comparative statements of financial position for the years 2017 and 2018 and a summarized income statement for the year ending 2018 of Genie Marketing Pte Ltd are shown below. Genie had no non-cash financing and investing transactions during 2018. During the year, there were no sales of land or machinery. Genie Marketing Pte Ltd Comparative Statements of Financial Position 31 December 2018 2017 $ 21,000 $ 18,700 46,500 43,100 84,300 89,900 10,000 35,100 146,200 123,700 (30,000) (45,300) $287,800 $255,400...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Accounts Inventory Total Current liabilities $ 24,076 12,748 25,742 24,400Accounts payable 23,48427400 1,100 17,500 Cash 15,500 27,400 Notes payable Other 13,000 receivable 11,871 48,35556,000 $72,00085,616 $62,566 67,300 Total Long-term debt Owners' equity Common stock and paid-in s 45,000 45,000 224,906243,384 Accumulated retained earnings Fixed assets Net plant and equipment $269,906$288,384 $327,695 $362,700 Total $430,000 equity Total liabilities and owners'$390,261 $430,000 Total...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1,600 1,530 Investments 110 110 Property, plant, and equipment (net) 380 420 530 510 Intangibles and other assets $2,660 $2,530 Total assets $890 $1,000 Current liabilities 500 530 Long-term...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,700 42,999 14,609 18,700 138,000 264,000 120,000 120,000 eBook Hint Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Print References PLUMMER STONEWORK CORPORATION Statement of Stockholders'...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018 2017 2016 $ 759,000 $ 701,000 $ 646,000 $ 661,000 59,000 45,000 37,000 49,000 364,000 350,000 334,000 290,000 Print Done Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing The Right Mission Corporation's trend analysis for net sales revenue, then compute The Right Mission Corporation's trend analysis...
Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 2048 2017 Net income $273,406 $367,976 2016 $631,176 2015 $884,000 2014 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) Total stockholders' equity (ending balance) 4,417,178 3,706,557 4,270,764 3,569,855 4,124,350 3,433,152 3,928,396 3,249,164 3,732,443 3,065,176 3,535,472 2,749,588 3,338,500 2,434,000 3,044,250 1,992,000 2,750,000 1,550,000 2,475,000 1,150,000 Average total assets Average total stockholders' equity You have been asked...
The comparative statements of financial position for the years 2017 and 2018 and a summarized income statement for the year ending 2018 of Genie Marketing Pte Ltd are shown below. Genie had no non-cash financing and investing transactions during 2018. During the year, there were no sales of land or machinery. Genie Marketing Pte Ltd Comparative Statements of Financial Position 31 December 2018 2017 $ 21,000 $ 18,700 46,500 43,100 84,300 89,900 10,000 35,100 146,200 123,700 (30,000) (45,300) $287,800 $255,400...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Accounts Inventory Total Current liabilities $ 24,076 12,748 25,742 24,400Accounts payable 23,48427400 1,100 17,500 Cash 15,500 27,400 Notes payable Other 13,000 receivable 11,871 48,35556,000 $72,00085,616 $62,566 67,300 Total Long-term debt Owners' equity Common stock and paid-in s 45,000 45,000 224,906243,384 Accumulated retained earnings Fixed assets Net plant and equipment $269,906$288,384 $327,695 $362,700 Total $430,000 equity Total liabilities and owners'$390,261 $430,000 Total...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1,600 1,530 Investments 110 110 Property, plant, and equipment (net) 380 420 530 510 Intangibles and other assets $2,660 $2,530 Total assets $890 $1,000 Current liabilities 500 530 Long-term...
Most questions answered within 3 hours.
-
50% of the volume of a boat, sailing down the Mississippi (where
the water density ρ...
asked 14 minutes ago -
Calculate how many moles of ions are in 1.4 L of 2.9 M KNO2
(aq). Remember...
asked 59 minutes ago -
Experiment:
In the experiment: Mix together 74 g. (92 ml.) of n-butyl
alcohol and 120 g....
asked 1 hour ago -
This Python module will be menu driven
and use conditions to check user input in order...
asked 1 hour ago -
Tip Calculator App
For this project, you will create a tip calculator Android
app. The user...
asked 2 hours ago -
A first order chemical reaction has an energy of activation of
90.0 kJ/mol and a rate...
asked 3 hours ago -
Which statement is not correct?
Mutations change the sequence of nucleotides in DNA.
Mutations can be...
asked 5 hours ago -
An organization is not required to accommodate an employee's
disability when the accommodation would cause "undue...
asked 5 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 -
A
short forward contract that was negotiated some time ago will
expire in three months and...
asked 6 hours ago