en Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times peurn on sales is 8.5 percent. It has $1,920,000 of debt.is its return on stockholders' equity?Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.n on stockholders' equity%

Return on shareholders’ equity is e measure of profit generated by a company against total…

Answered: en Machine Tools has total assets of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Firm L had net assets at the end of the year of $415,000. The only items affecting stockholders' equity during the year were net income of $76,000 and dividends of $46,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Choose Addend: Choose Numerator: + 1 Average Stockholders' Equity 1 Choose Addend: /Choose Denominator: Return on Equity 11 = Average Stockholders' Equity Average stockholders' Equity Return on Equity Return on Equity Check my work
Calculate the equity multiplier (total assets / total equity) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales $5,000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 5000 Total Equity 1400
A firm has a long-term debt-equity ratio of 0.4. Shareholders’ equity is $839,800. Current assets are $237,800, and the current ratio is 2.25. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.) Total debt ratio
If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is its return on equity (ROE)? Multiple Choice 13.3% 2% 66.7% 8%
The market price for Microsoft Corporation closed at $101.57 and $85.95 on December 31, current year, and previous year, respectively. The dividends per share were $1.68 for current year and $1.56 for previous year. a. Determine the dividend yield for Microsoft on December 31, current year, and previous year. Round percentages to two decimal places. Current year fill in the blank 1% Previous year fill in the blank 2%
On December 31. Sulfur Corporation has the following data available: Net Income $140,000 Interest expense 20,000 Total assets at the beginning of the year 720,000 Toital assets at the end of the year 810,000 Total common stockholders' equity at the beginning of the year 440,000 Total common stockholders' equity at the end of the year 300,000 What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%
Helmuth Inc's latest net income was $1,415,000, and it had 250,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations. a. $3.11 Ob. $1.91 c. $5.66 Od. $8.21 O e. $2.55
The following information was taken from Sigmund Company’s balance sheet:Fixed assets (net) $1,050,000Long-term liabilities 750,000Total liabilities 850,000Total stockholders’ equity 500,000Determine the company’s (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders’ equity. Round to one decimal place.
Bitters Co.'s net income is $14,000, the market value of common stock is $160,000, and the book value of common stockholders' equity is $100,000. What is the Price to Book Ratio for Bitters Co.? (Round your answer to two decimal places, X.XX.) Group of answer choices 1.60 0.14 0.63 7.14
A company's financial statements include the following selected data ($ in millions): Sales, $22,600; Net income, $900; Beginning stockholders' equity, $3,540; Ending stockholders' equity, $4,200.Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity: _________%
The financial statements of Heatwave Athletic Wear include the following selected data ($ in millions): Sales, $22,500; Net income, $875; Beginning stockholders' equity, $3,500; Ending stockholders' equity, $4,150.Calculate the return on equity. (Round your answer to 1 decimal place.) Return on equity
A company reports the following: Net income $125,000 Preferred dividends 5,000 Average stockholders' equity 992,063 Average common stockholders' equity 634,921 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place. a. Return on Stockholders' Equity fill in the blank 1% b. Return on Common Stockholders’ Equity fill in the blank 2

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