3. If the return on assets is .15 and average assets are 100, the EPS is:...
3. If the return on assets is .15 and average assets are 100, the EPS is:
-
15
-
115
-
85
-
Unable to tell from data given
7. Arnold llc has base sales of 100 and rent expense is 12% of sales. Assuming a 15% increase in sales, rent expense for the first pro forma year is:
-
13.80
-
14.80
-
15.80
-
16.80
Homework Answers
(3) Return on Assets = Net Income / Average Assets
=> Net Income = Return on Assets * Average Assets = 0.15 * 100 = 15
EPS = (Net Income - Dividends) / Outstanding Shares
However, we do not have information on Dividends and Number of Outstanding shares.
Hence (d) Unable to tell from data given
(4) Sales = 100
Rent Expense = 12% of Sales = 12
New Sales = 100 + 0.15*100 = 115
New Rent Expense = 12% of New Sales = 0.12 *115 = 13.80
Hence, correct option is (a) 13.80
Add Answer to:
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