A company reports the following financial information for the current year: ⚫ Net income: $305,600 • Interest expense: $52,200 Average total assets: $4,120,000 Determine the return on total assets (ROA)
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- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio..Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $572,580 Interest expense 101,040 Average total assets 6,180,000 Determine the return on total assets. If required, round the answer to one decimal place. %
- A company reports the following income statement and balance sheet information for the current year: Net income $435,590 Interest expense 76,870 Average total assets 4,380,000 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 $661,910Interest expense 116,810Average total assets 6,280,000Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %A company reports the following income statement and balance sheet information for the current year: Line Item Description Amount Net income $390,000 Interest expense 60,000 Average total assets 4,500,000 Determine the return on total assets.
- A company reports the following income statement and balance sheet information for the current year: Net income $128,290 Interest expense 11,157 Average total assets 1,811,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank 1 %Please HelpGeneral Accounting
- Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $418,290 Interest expense 73,810 Average total assets 3,700,000 Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %SolveA company reports the following income statement and balance sheet information for the current year. Net income $166,160 Interest expense 14,446 Average total assets 1,942,000 Determine the return on total assets. Round the percentage to one decimal place
