General Accounting Q solve pls pls A company reported total equity of $146,000 on its December 31, 2008, balance sheet. Thefollowing information is available for the year ended December 31, 2009:2009 Revenues2009 Expenses$210,000179,000Liabilities, at December 31, 2009 97,000What are the total assets of the company at December 31, 2009?a. $389,000.b. $177,000.c. $128,000.d. $274,000.e. $80,000.

Step 1: Calculate Net IncomeNet Income = Revenues - ExpensesNet Income = $210,000 - $179,000Net…

Answered: A company reported total equity of…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.16P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
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Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on common stockholders’ equity
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Need To the Correct answer of this Accounting Question
Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13
REQUIRED: Compute for financial ratios?
Complete the 2006 Balance Sheet for O'Keefe Industries using the information that follows it. O'Keefe Industries Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Accounts payable Notes payable Cash $32,720 25,000 $120,000 Marketable securities Accounts receivable Асcruals 20,000 Inventories Total current liabilities Long-term debt Stockholders' equity Total current assets Net fixed assets $600,000 Total assets Total liabilities and stockholders' equity $ The following financial data for 2012 are also available: 1. Sales totaled S$1,800,000. 2. The gross profit margin was 25%. 3. Inventory turnover was 6.0. 4. There are 365 days in the year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset turnover ratio was 1.20. 8. The debt ratio was 60%.
Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 16,553 718,855 89,932 109,201 Total stockholders' equity, beginning-year 204,935 Total stockholders' equity, end-of-year 130,851 What is the return on total assets? (Do not round intermediate calculations.).
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