Brief Exercise 12-65 Profitability Ratios Tinker Corporation operates in the highly competitive consulting industry. Tinker's balance...
Brief Exercise 12-65
Profitability Ratios
Tinker Corporation operates in the highly competitive consulting
industry. Tinker's balance sheet indicates the following balances
as of December 31, 2019.
| Cash | $80,000 |
| Accounts receivable | 87,000 |
| Inventory | 52,000 |
| Property, plant, and equipment | 485,000 |
| Accounts payable | 73,000 |
| Bonds payable (due in 2021) | 110,000 |
| Common stock (12/31/2018) | 250,000 |
| Common stock (12/31/2019) | 275,000 |
| Retained earnings (12/31/2018) | 180,000 |
| Retained earnings (12/31/2019) | 220,000 |
Required:
Calculate Tinker's return on equity if Tinker's 2019 net income is $90,000. Round your answer to two decimal places.
Homework Answers
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Brief Exercise 12-65
Profitability Ratios
Tinker Corporation operates in the highly competitive consulting
industry. Tinker's balance...
Problem 12-6A Use ratios to analyze risk and profitability (LO12-3, 12-4) (The following information applies to...
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Suppose at January 31, 2018, Lee Consulting Corporation has the following balance sheet Computing six ratios...
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Condensed balance sheet and income statement data for Flounder Corporation are presented here Flounder Corporation Balance...
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Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative...
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Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for...
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The following is a condensed version of the comparative balance sheets for Flounder Corporation for the...
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Problem 12-4B Calculate risk ratios (L012-3) The following income statement and balance sheets for The Athletic...
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Unit 10 - Financial Statement Analysis Following is a comparative balance sheet for Summer Days Corporation:...
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Please Do everything in red CARLA VISTA COMPANY Balance Sheets December 31 Assets 2019 2018 Cash...
Please Do everything in red
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Please Do everything in red
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