I want to correct answer general accounting question For the past fiscal year, Corporation X reported sales of $580,000, net income of $87,000,and average common stockholders' equity of $435,000. During the same period, CorporationY reported sales of $420,000, net income of $75,600, and average common stockholders'equity of $280,000. Which of the following statements is TRUE regarding this situation?A. Corporation X has a better return on equity, $87,000 compared to Corporation Y's$75,600.B. Corporation X has a better return on equity, 20.00% compared to Corporation Y's 18.00%.C. Corporation Y has a better return on equity, 27.00% compared to Corporation X's 20.00%.D. Corporation Y has a better return on sales, 18.00% compared to Corporation X's 15.00%.

Step 1: Definition of Return on Equity (ROE) and Return on Sales (ROS)Return on Equity (ROE) is a…

Answered: For the past fiscal year, Corporation X…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Albion Inc. provided the following information for its most recent year of operations. The tax rate is 40%. Required: 1. Compute the following: (a) return on sales, (b) return on assets, (c) return on stockholders equity, (d) earnings per share, (e) price-earnings ratio, (f) dividend yield, and (g) dividend payout ratio. 2. CONCEPTUAL CONNECTION If you were considering purchasing stock in Albion, which of the above ratios would be of most interest to you? Explain.
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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For the year ended December
Firm M has a margin of 12%, turnover of 1.5, sales of $870,000, and average stockholders' equity of $360,000. Calculate Firm M’s average total assets, net income, return on investment (ROI), and return on equity (ROE).
Select financial information for Beta Corp. for the fiscal years ending December 20X4 and 20X5 is as follows: please find the attached image 1 and 2 Additional information:Shareholders’ equity for 20X3 was 48,138. Which of the following statements regarding Beta Corp.’s profitability is true? Calculate gross margin and ROE for your analysis. a) Beta’s gross margin has improved from the prior year, but it is weaker than the industry average. ROE has improved from the prior year, but it is weaker than the industry average.b) Beta’s gross margin has improved from the prior year and is stronger than the industry average. ROE has improved from the prior year, but it is weaker than the industry average.c) Beta’s gross margin has weakened from the prior year and is weaker than the industry average. ROE has weakened from the prior year, and it is weaker than the industry average.d) Beta’s gross margin has weakened from the prior year and is weaker than the industry average. ROE has weakened…
For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %
A company has net income of $34.10 million. Stockholders' equity at the beginning of the year is $80.05 million and, at the end of the year, it is $133.15 million. The only change to stockholders' equity came from net income. The return on equity ratio is approximately: Multiple Choice 3.90. 0.26. 0.32. 0.43.
Determine the return on equity?
Is it possible to determine net income?

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