) Given these facts, calculate return on assets: Sales................................................ $8,200,000 Net Income............................................ 3,050,000 Average Total Assets.............................................. 7,100,000 Average Total Liabilities........................................ 3,500,000 A. 22%. B. 43%. C. 85%. D. 87%

) Given these facts, calculate return on assets: Sales................................................ $8,200,000 Net Income............................................ 3,050,000 Average Total Assets.............................................. 7,100,000 Average Total Liabilities........................................ 3,500,000 A. 22%. B. 43%. C. 85%. D. 87%

Name: 24) Given these facts, calculate return on assets: Sales..............
Uploaded: 2022-11-23T13:49:46.000Z
Channel: Bartleby
Description: 24) Given these facts, calculate return on assets: Sales................................................$8,200,000 Net Income............................................3,050,000 Average Total Assets..............................................7,100

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4MC

See similar textbooks

Related questions

Q: Gross profit is equal to Select one: a. revenues - expenses b. sales - cost of goods sold c.…

A: The income statement is prepared to find the net income or losses incurred during the period.

Q: alculating the present value of a future cash flow to determine its value today is known…

A: The answers along with their explanation is provided below.

Q: How much is the consolidated profit in 2021? A. 301,000 B. 336,000 C. 310,000 D. 320,000

A: When one company acquires or buys shares of the other company the parent company has to record all…

Q: C. Assets

A: Revenue - Revenues are incomes and increase in the assets of the business . It can also be said as…

Q: The management of Unter Corporation, an architectural design firm, is considering an investment with…

A: Formulas:

Q: Initial investment............... $80,000 Annual after-tax cash inflow............. ?…

A: The net present value method is used to evaluate the investment projects. We can evaluate the…

Q: mce expense sand ges expense 11,000 56.000 Salas returns and allowances Sales revenue Other…

A: Multi income statement is the income statement in a format that presents revenue , cost and expenses…

Q: Answer the following: 16. Gross Profit ratio 17. Operating Ratio 18. Rate of return on Assets

A: Gross profit percentage::Gross Profit/Sales*100.. 2020::18,00,000/5150000*100=34.95%…

Q: The numerator of the return on total assets is a. net income b. net income plus tax expense c.…

A: Return on Total Assets = Net Income + Interest Expenses (1-Tax Rate) / Average Total Assets

Q: Return on assets

A: Return on assets is computed as net income upon total assets of the company.

Q: The receivales turnover ratio is used to analyze profitability. liquidity. risk a. b. С. nventors d.…

A: Receivable Turnover Ratio = Net Credit Sales / Average Receivable

Q: Question 8 (Ignore income taxes in this problem.) Z Company has gathered the following data on a…

A: Capital budgeting techniques are the methods that are used to evaluate various alternatives of…

Q: A net present worth equation is used to solve for a ROR by setting the net present worth equation…

A: ROR or rate of return of project also known as internal rate of return of project is the interest…

Q: When lives are equal adjustments to cash flows are not required.. The MEAS can be compared by…

A: Time Period (n) = 10 years MARR = 12%

Q: ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20;…

A: The cash to current liabilities ratio is another name for this ratio. A company's balance sheet will…

Q: 9. Write-downs of inventories to their net realizable value are recognized a. in profit or loss b.…

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: Information on four investment proposals is given below:Investment ProposalA B C DInvestment…

A: The PI index is the profitability index of the project. The shows the profitability of the project…

Q: (Ignore income taxes in this problem.) Z Company has gathered the following data on a proposed…

A: Internal Rate of Return (IRR) is the rate at which the NPV of the project is zero.

Q: How do you find the gross profit as a percent of sales and income from operations as a percent of…

A: Gross Profit :— It is the difference between the sales revenue and cost of goods sold. Gross Profit…

Q: total net revenue

A: Statement of comprehensive income is a part of financial statements which shows the net income from…

Q: a. Return on equity b. Total assets turnover c. Return on assets d. Current ratio e. Receivables…

A: a. Return on equity = Net Income / Shareholders' Equityb. Total assets turnover = Sales / Total…

Q: Best Industries is considering an investment project that has the following cash flows: Year 0………………

A: 1) IRR is calculated using excel IRR function 2) NPV = Present value of cashflow - Initial…

Q: Ignore income taxes in this problem.) Z Company has gathered the following data on a proposed…

A: The question is based on the concept of Financial Accounting.

Question

Practice Pack

OFFON

24) Given these facts, calculate return on assets:

	Sales................................................	$8,200,000
	Net Income............................................	3,050,000
	Average Total Assets..............................................	7,100,000
	Average Total Liabilities........................................	3,500,000
	A.	22%.
	B.	43%.
	C.	85%.
	D.	87%.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

Includes step-by-step video

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Learn your way

Includes step-by-step video

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Arrange the following items in proper balance sheet presentation (Prepare a formal Balance Sheet review page 31 for example). Accumulated depreciation................................................ $200,000 Retained earnings............................................................. 110,000 Cash................................................................................. .... 5,000 Bonds payable................................................................. 142,000 Accounts receivable..................................................................38,000 Plant and equipment—original cost.................................. 720,000 Accounts payable........................................................................35,000 Allowance for bad debts.............................................................6,000 Common stock, $1 par, 150,000 shares outstanding...150,000…
From the following list of accounts, calculate the quick ratio.Cash.......................................Accounts receivable................Inventory................................Prepaid insurance ...................$ 2,0007,00017,0001,000Accounts payable ............................Salary payable .................................Notes payable (due in two years) ....Short-term investments....................$ 5,0009,0008,0005,000a. 1.5b. 1.0c. 1.8d. 2.3
Calculating the present value of a future cash flow to determine its value today is known as........................... Interest earned on the principal and may be for a number of years may be called...............................
Question 11 (Ignore income taxes in this problem.) Z Company has gathered the following data on a proposed investment project: Investment in equipment.................................. $150,000 Annual cash flows........................................... $40,000 Salvage value of equipment............................. $0 Life of the equipment....................................... 10 years Required rate of return.................................... 10% The company uses straight-line depreciation on all equipment. Required: (iv) Is this a viable project?
Question 8 (Ignore income taxes in this problem.) Z Company has gathered the following data on a proposed investment project: Investment in equipment.................................. $150,000 Annual cash flows........................................... $40,000 Salvage value of equipment............................. $0 Life of the equipment....................................... 10 years Required rate of return.................................... 10% The company uses straight-line depreciation on all equipment. Required:(i) Calculate he payback period
Question 9 (Ignore income taxes in this problem.) Z Company has gathered the following data on a proposed investment project: Investment in equipment.................................. $150,000 Annual cash flows........................................... $40,000 Salvage value of equipment............................. $0 Life of the equipment....................................... 10 years Required rate of return.................................... 10% The company uses straight-line depreciation on all equipment. Required: (ii) Calculate the IRR
Cashbalance,beginning.....................P9 P ? P ? P? P?Add collectionsfromcustomers..... ? ? 125 ? 391Totalcash available................... 85 ? ? ? ?Less disbursements:Purchaseofinventory..................... 40 58 ? 32 ?Operatingexpenses............... ? 42 54 ? 180Equipmentpurchases................... 10 8 8 ? 36Dividends.......................... 2 2 2 2 ?Totaldisbursement.................... ? 110 ? ? ?Excess (deficiency) of cash availableOrdisbursements... ...................... (3) ? 30 ? ? Financing:Borrowings......................... ? 20 - - ?Repayments (including interest)*.. - - (?) (7) (?)Total financing......................... ? ? (?) (?) ?Cash balance, ending................... P ? P ? P ? P ? P ? *Interest will total P4, 000 for the year.
Expenditures—Operating—Salaries.......................................... Cash................................................................................ Salaries Payable for example? Incurred salaries of $300,000 $280,000 of which was paid. Where do i put these salaries.
Record each of these transactions 1 Cash………………………………………. 300,000 Capital Stock…………………………………………… 300,000 Issued capital stock at $60 per share 4 Diagnostic Equipment……………………250,000 Cash………………………………………………… 100,000 Notes Payable……………………………………… 150,000 Purchased equipment, paying part in cash and signing a note payable for the balance 12 Account Payable…………….......6,000 Cash…………………………………. $6,000 Paid account payable to Zeller Laboratories 19 surgical supplies……………………4,000 Accounts Payable……………………… $ 4,000 25 Cash…………………..80,000 Accounts Retrievable…………………….. 80,000 30 Dividends……………$50,000 Cash…………….. 500,000 ADDITIONAL REQUIREMENT FOR 3.2 Posting of transaction from General Journal to T-Accounts Prepare trial…
.......................................................................................... The length of the maximum payback period depends on: Select one: a. profits from projects only b. The type of project and the financial situation of the company c. size of projects and companies d. complexity of projects
Phillips Corp. Balance Sheet Assets Current Assets ... ... ... ... ... Total Current Assets Fixed Assets ... ... ... Total Assets ... : : : : : : :
Using the following information, compute cash paid to purchase property, plant, and equipment. Depreciation expense ................................ .....................................$13，000 End of Year Begnning of Year Property，plant and Equipment.... .............. $ 134,000 $ 124,000 Accumulated depreciation ................................ 32,000 41,000 During the year, property, plant, and equipment with an original cost of $28,000 was sold for a gain of $6,500. Compute the amount of cash received from the sale of the property, plant, and equipment.