Please give me answer general accounting question Calculate the net income earned during the year. Assumethat the change to shareholder's equity results only fromnet income earned during the year.AssetsLiabilitiesBalance, Jan. 1, 2015$112,500 $90,000Balance, Dec. 31, 2015 $90,000 $45,000

Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…

Answered: Calculate the net income earned during…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Computing and Disaggregating Return on Equity Following are selected balance sheet and income statement information from a recent annual report for a company. $ millions April 2, 2020 March 28, 2019 Income statement information: Sales $20,244 $22,353 Net income 990 2,106 Balance sheet information: Total assets 18,639 18,318 Total stockholders’ equity 11,232 11,673 Answer the following questions, rounding your answers to two decimal places (for example, enter .46 for .455558). a. Calculate Ralph Lauren’s return on equity for the fiscal year ended April 2, 2020.Answer b. Disaggregate return on equity to its DuPont components of activity (profit margin), activity (asset turnover), and leverage (financial leverage). Demonstrate how the product of the components is equal to return on equity. Profit margin × Asset turnover × Financial leverage = Return on equity Answer × Answer × Answer = Answer Answer Answer Answer
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general accounting answer
Randall Corporation reported the following revenue data:Year Net revenues (in millions)$$$$6,8007,0046,7327,2762016201720182019Use 2016 as the base year. The trend percentage in 2019 is closest toa. 93%.b. 104%.c. 107%.d. 112%
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General accounting

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Calculate the net income earned during the year. Assume that the change to shareholder's equity results only from net income earned during the year. Assets Liabilities Balance, Jan. 1, 2015 $112,500 $90,000 Balance, Dec. 31, 2015 $90,000 $45,000