Answered: Anton's Coffee Shop has a return on…

Anton's Coffee Shop has a return on assets of 12%. Anton's assets = $100 while Anton's owner's equity = $40 and its debt equals $60. What is Anton's return on equity?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 6QY: What would be the net income for Floress Catering? a. 45,500 b. 16,800 c. 19,800 d. 10,800

See similar textbooks

Related questions

Q: ays. S. HW 2 April 1 The purchase transactions of Mrs. Bimala, a stationery shop are given.…

A: To solve the problem based on the purchase transactions listed in the image, we need to create two…

Q: Please give me answer general accounting

A: Step 1: Define Total AssetsTotal assets are the sum of all current and non-current assets owned by…

Q: Please provide real life numbers for an example problem to see the math. Thank you!

A: Imagine you own a small retail business, ABC Electronics Store, that sells various household items.…

Q: Why cash flow statements are pertinent for external evaluation of a company

A: The cash flow statement is one of the three main financial statements that businesses use to…

Q: Question: Financial Accounting Blue Sky Airlines had sales revenue of $200,000,000, cost of goods…

A: STEPS: Question 1: Operating Cash Flow 1. Calculate EBIT (Earnings Before Interest and Taxes)• EBIT…

Q: I need answer of this question general accounting

A: Step 1: Define Asset TurnoverThe ratio of the sales of the company to the average operating assets…

Q: Use the following link to answer in the question below…

A: Step 1: Step 2: Step 3: Step 4:

Q: Solve general accounting question Don't use Ai

A: Step 1: Define Net IncomeThe net income shows the surplus of revenue over the expenses during the…

Q: Case study: Related Theory of Financial Accounting

A: Definitions:1. Employee TurnoverEmployee turnover refers to the rate at which employees leave a…

Q: Please Provide Answer about this Account Question

A: Step 1: Calculate Net Credit Sales• Net Credit Sales = Credit Sales - Sales ReturnsStep 2: Calculate…

Q: I need answer of this question

A: Step 1: Identify the total market value of the company (equity)Step 2: Determine the EBIT for each…

Q: Accounting lindo company incures annual costs of $80,000 veritable costs for undo

A: Step 1:- Define Contribution Margin RatioThe contribution margin ratio can be defined as the…

Q: I need answer of this question accounting

A: Step 1: Define Return on AssetReturn on assets is one way to calculate the profitability that a…

Q: Answer

A: Detailed explanation: • Pension plans require recognizing pension expense, which includes service…

Q: Solve these general accounting issue

A: Step 1: Define Assets Turnover RatioThe return on investment for a firm can be determined by using…

Q: Need experts solution only.

A: Approach to solving the question: Analysis Detailed explanation:For Journal Entry for Cost of…

Q: Provide correct answer the accounting question

A: Step 1: Define High Low MethodIn cost accounting, the high-low method is used to separate the fixed…

Q: I need answer of this question general accounting

A: Step 1: Define Operating incomeOperating income is that part of income which arise due to main…

Q: Hello Tutor Please give me Answer please

A: Step 1:Manufacturing overheads are the total of indirect Material, Indirect Labor and Indirect…

Q: Please give me answer

A: Calculate the equity before any debt is issued:Since the market value of the company is $150,000 and…

Q: Need answer the accounting question

A: Step 1: Define Credit SalesA company can sell its goods to customers for cash or on credit. When…

Q: Homework i Saved Help Save & Exit Submit my work mode: This shows what is correct or incorrect for…

A: Step 1: Fair Value Adjustments at AcquisitionAdjustments made on January 1, 2017, with annual…

Q: Can you answer this accounting question?

A: Step 1: Define Reconciled Balance for CashA company's reconciled balance for cash is the amount…

Q: ગુલિક corporation most recent income statement appears below: get correct answer the accounting…

A: Step 1: Calculate average total assets.= (beginning total assets + ending total assets) / 2=…

Q: Please give me answer

A: Step 1: Define High- Low MethodThe high-low method segregates the total costs into variable and…

Q: Please solve this question accounting

A: Step 1: Define Carrying Amount of BondThe carrying amount is the face value plus the unamortized…

Q: The attached picture is Lannister salon's financial position for year 2023. Pls. Create a vertical…

A: Liquidity refers to the ability of a company to meet its short-term obligations. The higher the…

Q: General Accounting

A: Step 1: Define High-Low MethodThe High-Low Method can be used to determine the amount of variable…

Q: Use table information to answer

A: Explanation of Variable Cost: Variable cost is an expense that changes in proportion to the level of…

Q: Autumn Designs & Decorators issued a 120-day, 9% note for $66,000, dated April 13 to Zebra…

A: The note is issued for 120 days and it is dated April 13. Therefore, the due date of the note is 120…

Q: write a two page paper after listening to the Count Me In Podcast, Ep. 235Links to an external site.…

A: Begin by listening to the podcast in its entirety. Pay close attention to the key points made by…

Q: None

Q: Prepare a vertical analysis for Russell Department Stores, Inc. for both its income statement and…

A: Vertical analysis is a method of financial statement analysis in which each entry for each of the…

Q: Explain

A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a costing methodology…

Q: in following question solution

A: Step 1: Define Beginning Inventory:There is an accounting period during which every recording…

Q: Can u help me

A: Explanation of Variable Lease Payments: Variable lease payments are amounts that vary based on…

Q: Tano Company issues bonds with a par value of $82,000 on January 1, 2021. The bonds' annual contract…

A: 1. Computation of the total discount on bonds payable: Discount on bonds payable = Face value of the…

Q: Answer this

A: Explanation of Non-Controlling Interests (NCI): Non-controlling interests represent the equity in a…

Q: (54) The following are payroll tax data related to the employees of a company: Federal Unemployment…

A: Payroll taxes are taxes that employers are required to pay when they pay their employees. These…

Q: Please give me answer financial Accounting

A: Step 1: Define Income StatementThe accounts reported on the income statement are the first to check…

Q: Please give me answer accounting

A: Step 1: Define DepreciationThe costs incurred on procurement of long-term assets are not charged to…

Q: Please give me answer accounting.....

A: Future Value = Present Value * (1 + Interest Rate)^Number of PeriodsThis formula, which determines…

Q: Please give me answer accounting

A: Step 1 : Define Standard Costing:Standard costing is the estimated cost that a company should incur…

Q: Variable Costing

A: Option a: This option is incorrect because in variable costing, fixed manufacturing costs are…

Q: General Accounting Question please need answer

A: Step 1: Define Book ValueThe book value is the value of an asset as it is listed on a company's…

Q: Get correct answer

A: In the calculation of the total cash paid at maturity, there is a need to consider the principal…

Q: Question: Production costs were $128,500 at 45,000 units and $163,000 at 58,000 units. Using the…

A: Step 1:As per High low method of cost calculation variable cost per unit is = ( Cost at higher level…

Q: Vaughn Company shows the following entries in its Equipment account for 2026. All amounts are based…

A: The first step in preparing the correcting entry is to identify the transactions that have occurred.…

Q: None

A: Gross profit = Gross profit / Sales Gross Profit = Sales - cost of goods sold =86000-64500 =…

Q: Rajan company's most recent balance sheet reported:

A: Step 1: Define Debt to Equity RatioThe debt to equity ratio is an important financial metric that is…

Question

Provide this question solution financial accounting

Anton's Coffee Shop has a return on assets of 12%.
Anton's assets = $100 while Anton's owner's equity =
$40 and its debt equals $60. What is Anton's return on
equity?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Please correct answer and don't used hand raiting
Can you show me how you got your balance after she put the 250.00 in , and how you got the interest?
Maria owns an apartment worth $3.5 million. The apartment brings in net income of $53,000, has interest expense of $7,300, taxes of $17,300 and has depreciation of $360,000. What is the cap rate of the building?
A woman went to the Beneficial Loan Company and borrowed S10,000. She must pay S323.53 At the end of each month for the next 60 months. A. What is the Monthly Interest rate she is paying? What is the Nominal Interest rate? С. What is the Effective Interest rate? Make your cash flow diagram and solve. B.
2. Suppose Miss Roxanne Davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest. a. How much will be in the account when she turns 65? b. What is her total contribution to the account? How much interest did she earn?
James borrows $10,000 from the bank. By the time the loan is repaid, James has paid thebank $10,400. What does the additional $400 represent?A Inflation rateB Purchasing power of moneyC InterestD Investmen
Help me
Suppose a man took out a 30-year loan with an annual rate of 6% to put an addition on his house. His banker encouraged him to put other expenses into the loan if he wished, so he increased the loan in order to purchase furniture, a new car, and a computer. Suppose the computer cost $1,500. Assume that the loan is an add on loan to calculate parts a. and b. a. What was the amount of interest that he paid on the computer part of his loan? b. What was the total cost of his computer?
You decided it is important to pay off some of your debt to help build your credit score. If you paid $1,307 interest on $45,000 at 4.0%, what was the time, using exact interest?
Jen Logan bought a home in Iowa for $110,000. She put down 20% and obtained a mortgage for 30 years at 5 1/2 %. What are Jen’s monthly payment and total interest cost of the loan? PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =
If you net $14.25 per hour and work 40 hours a week, 4 weeks per month, and have monthly expenses of: rent $825.50, car payment $458.79, utilities $110, food $150, gas $105, phone $125.25, savings $225, and insurance $118.36, what do you have left to invest for your retirement?
An individual has monthly expenses of $1,800 for rent and $1,000 for groceries, transportation, and other necessary expenses. Which average return should the individual expect to match 25% of yearly expenses on a $100,000 investment?