Category. Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit ??? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % Founded to 4 decimal places (ex: 0.0924))

Category. Prior Year Current Year Accounts payable Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit ??? Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % Founded to 4 decimal places (ex: 0.0924))

Name: CategoryPrior Year Current YearAccounts payable???Accounts receivable
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Description: CategoryPrior Year Current YearAccounts payable???Accounts receivable320,715397,400Accruals40,50033,750Additional paid in capital500,000541,650Cash17,50047,500Common Stock94,000 105,000COGS328,500 431,516.41Current portion long-term debt33,75035,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Concept explainers

Financial Ratios

A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.

Return on Equity

The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.

Topic Video

Question

Category
Prior Year Current Year
Accounts payable
???
Accounts receivable
320,715
397,400
Accruals
40,500
33,750
Additional paid in capital
500,000
541,650
Cash
17,500
47,500
Common Stock
94,000 105,000
COGS
328,500 431,516.41
Current portion long-term debt
33,750
35,000
Depreciation expense
54,000
55,946.66
Interest expense
40,500 41,874.31
Inventories
279,000
288,000
Long-term debt
336,467.85 401,942.46
Net fixed assets
946,535
999,000
Notes payable
148,500
162,000
Operating expenses (excl. depr.) 126,000
161,499.58
Retained earnings
306,000
342,000
Sales
639,000 854,554.01
Taxes
24,750 48,384.56
???
What is the current year's return on equity (ROE)?
Submit
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re
rounded to 4 decimal places (ex: 0.0924))

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