What is the firm's return on equity on these general accounting question? Bright Tech Inc. has the following financial data:-Sales: $2,000,000-Net Profits After Taxes: $120,000-Total Assets: $2,500,000-Common Stockholders' Investment: $800,000What is the firm's Return on Equity (ROE)?A) 12%B) 15%C) 10%D) 18%

Step 1: Return on Equity (ROE)Return on Equity (ROE) is a profitability ratio that measures a…

Answered: Bright Tech Inc. has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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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. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?
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Can you please answer this financial accounting question?
Wildwood, Inc. reports net income of $160,000, net sales of $380,000, average total assets of $940,000 and average total liabilities of $450,000. Calculate return on equity. a. 17.0% b. 32.7% c. 35.6% d. 77.6%

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Bright Tech Inc. has the following financial data: -Sales: $2,000,000 -Net Profits After Taxes: $120,000 -Total Assets: $2,500,000 -Common Stockholders' Investment: $800,000 What is the firm's Return on Equity (ROE)? A) 12% B) 15% C) 10% D) 18%