How much and in what direction must total assets have changed? During a certain period, Kuber Industriesexperienced the following financial changes:•Total liabilities increased by $30,500Stockholders' equity increased by $12,300By how much and in what direction musttotal assets have changed during the sameperiod?

Explanation of Total Assets: Total assets represent everything of value that a company owns or has…

Answered: During a certain period, Kuber…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 12P

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! Required information [The following information applies to the questions displayed below.] A recent annual report for BubbliCo contained the following information for the period (dollars in millions): Net income Depreciation and amortization Increase in accounts receivable Increase in inventory Increase in prepaid expense Increase in accounts payable Decrease in taxes payable Increase in other current liabilities Cash dividends paid Share repurchases $5,161 1,559 Quality of income ratio 550 364 86 735 193 754 2,545 4,723 2. Compute the quality of income ratio. Note: Enter your answer in decimals, not in percentages, rounded to 2 decimal places.
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What is the return on total assets ?

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During a certain period, Kuber Industries experienced the following financial changes: • Total liabilities increased by $30,500 Stockholders' equity increased by $12,300 By how much and in what direction must total assets have changed during the same period?