Evergreen industries reported net income solution this General accounting questions Evergreen Industries reported net income of $245 million andaverage invested assets of $2,800 million. Calculate Evergreen'sreturn on assets.

Step 1: Meaning of return on assetsReturn on assets is an accounting ratio calculated to assess the…

Answered: Evergreen Industries reported net…

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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From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%
Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values for the company: Total asset turnover ratio _____________ Fixed asset turnover ratio _____________
ROA-FINANCIAL ACCOUNTING
the income statement of x ltd for the year ended was as follows: net sales 4032000, cost of sales 3168000, depreciation 96000, salaries and wages 384000, opex 128000, provision for taxation 140800, net operating profit 11520. compute net profit before working capital changes
Please provide correct answer general accounting
Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes (25%) Net income Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Common dividends Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Common equity 2020: $ 2021: $ b. What was the 2021 free cash flow? 2021 $2,875.0 2,444.0 $ 431.0 86.0 $345.0 63.3 $281.7 112.7 $ 169.0 $152.1 $ -Select- 2021 46.0 $ 2020 $2,500.0 2,125.0 $ 375.0 75.0 $300.0 55.0 $ 245.0 98.0 $147.0 $117.6 450.0 540.0 $1,036.0…
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What is the return on assets for this accounting question?
The following information was drawn from the accounting records of Jones Company. (Round your ans Net sales $361,290 Net income 56,000 Average total assets 530,000 Average total liabilities Average total stockholders' equity 330,000 215,000 Based on this information the company's asset turnover is Multiple Choice $0.68 of sales dollars per $1 of assets. $1.55 of sales dollars per $1 of assets. $1.06 of sales dollars per $1 of assets. MacBook Ain 80 DII F2 F3 F4 F5 F6 F7 F8 2$ 5 CO CO 13
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Evergreen Industries reported net income of $245 million and average invested assets of $2,800 million. Calculate Evergreen's return on assets.