AQUA SYSTEMS REPORTS THE FOLLOWINGSALES OF $150,000;INFORMATION:BEGINNING ASSETS OF $300,000, ENDINGASSETS OFOF $360,000; NET INCOME$9,000.OFTHE RETURN ON ASSETS (TO THE NEARESTWHOLE NUMBER) IS:A. 555%B. 30%c. 3%D. 6%

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a profitability ratio that…

Answered: AQUA SYSTEMS REPORTS THE FOLLOWING…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.3.3MBA

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Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKING
A company reports the following information: Sales of $100,000; Beginning assets of $200,000, Ending assets of $250,000; Net Income of $5,000. The return on assets (to the nearest whole number) is: a. 555% b. 44% c. 2% d. 5%
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AQUA SYSTEMS REPORTS THE FOLLOWING SALES OF $150,000; INFORMATION: BEGINNING ASSETS OF $300,000, ENDING ASSETS OF OF $360,000; NET INCOME $9,000. OF THE RETURN ON ASSETS (TO THE NEAREST WHOLE NUMBER) IS: A. 555% B. 30% c. 3% D. 6%