General Accounting question Dale Corporation has the following data:Net income$24,000Average total assets$300,000Interest expense9,000Average common equity 100,000Preferred dividends12,000Dale's return on assets is:a. 5%.b. 12%.c. 11%.d. 8%.

Step 1: Define Return on AssetsReturn on assets is the ratio of the net income relative to the…

Answered: Dale Corporation has the following…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

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Chapter3: Evaluation Of Financial Performance

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Assume you are given the following relationships for the Haslam Corporation:Sales/total assets 1.2Return on assets (ROA) 4%Return on equity (ROE) 7%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.
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The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 O 20.1% 21.1% 19.1% 18.1% 2023 $962000 $883000 271000 250000 81300 81300 303000 303000 The return on assets for 2024 is 306700 248700 167000 35500 981000
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Dale Corporation has the following data: Net income $24,000 Average total assets $300,000 Interest expense 9,000 Average common equity 100,000 Preferred dividends 12,000 Dale's return on assets is: a. 5%. b. 12%. c. 11%. d. 8%.