Harborline Systems had sales of $400,000, net income of $24,000, and year-end assets of $250,000. The company's total debt-to-total assets ratio was 40%. Based on the DuPont equation, what was Harborline's ROE?
Q: Give me help
A: Concept of Joint Costs:Joint costs are the combined expenses incurred during a production process…
Q: What is the ending balance in stockholders's equity
A: Concept of Net IncomeNet income is the profit a company earns after deducting all expenses,…
Q: General Accounting Question
A: Step 1: Define Accounting EquationThe Accounting Equation is a fundamental principle in accounting…
Q: Help me
A: Gross Profit - This is the amount a company retains after subtracting the cost of goods sold (COGS)…
Q: General Accounting
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a rate used to…
Q: A sandwich shop sells its sandwiches for $7.50 each. The shop incurs a daily fixed cost of $500,…
A: 1. Calculate the total revenue:Revenue = (Selling price per sandwich) × (Number of sandwiches sold)=…
Q: What is the effective annual cost of not taking the discount for this financial accounting question?
A: Step 1: Define Effective Annual Cost Effective Annual Cost The effective annual cost represents the…
Q: The market price per share of a stock is $45.00, and the earnings per share (EPS) is $1.80. What is…
A: The price-earnings (P/E) ratio is calculated using the formula: P/E=Market Price per Share/Earnings…
Q: Solve this
A: Explanation of Price-to-Earnings (P/E) Ratio: The price-to-earnings ratio is a valuation metric that…
Q: I need with this question general accounting please solve the required do fast
A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is the rate used to apply…
Q: Alpine sports manufacturers general accounting question out door equipment.one of their products,a…
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…
Q: General accounting question
A: Step 1: Definition of Total Current AssetsTotal Current Assets are assets that are expected to be…
Q: provide solutions of this question with financial accounting
A: Step 1: Definition of Effective-Interest MethodThe effective-interest method is an amortization…
Q: Direct labour hours?
A: Step 1: Definitions Predetermined Overhead Rate (POHR) is a rate used to apply manufacturing…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Predetermined Overhead RateA Predetermined Overhead Rate is an estimated rate…
Q: Subject = Financial account
A: Step 1: Definition of Cost Allocation Based on Square FootageCost allocation by square footage is a…
Q: How much of the return capital gain
A: Return Breakdown from Dividend Yield and Capital GainWe have given the following…
Q: managerial accounting
A: Step 1: Definition of Note Payable with Installment and InterestA note payable is a written promise…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Net IncomeNet income is the profit a company earns after deducting all costs,…
Q: WHICH OF THE FOLLOWING IS NOT AN ADVANTAGE OF USING STANDARD COSTS AND VARIANCES? A. USE AS A…
A: Step 1: Definition of Standard Costs and VariancesStandard costs are predetermined estimates of the…
Q: Calculate the debt to equity ratio general accounting explain its significance
A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity Ratio is a financial ratio that…
Q: Preserved belonging schedule for Sunland Company December 31, 2006 Number of DayPart De Nos Customer…
A: Image 2: Write-Offs and Recoveries in 2017We now record the write-offs and recoveries in 2017.(a)…
Q: Everlast Corp. has total maintenance department expenses of $40,200. The maintenance costs are…
A: We have given, Total maintenance allocated = $40,200Processing department area = 6,000 square…
Q: Answer
A: Step 1: Definition of Net IncomeNet income is the profit remaining after all variable and fixed…
Q: Grand Edge Ltd. manufactures high-performance gears requiring 9.2 standard hours per unit at a…
A: Step 1: Definition of VariancesVariances in managerial and cost accounting refer to the differences…
Q: Cost Accounting
A: Step 1: Definition of MarginMargin refers to the percentage of sales revenue that turns into…
Q: Please give amswer correct otherwise sure i will give unhelpful. if you cant understand values…
A: Step 1:Computing the margin per unitUsing the given information thatSelling price per unit =…
Q: A company's budgeted variable overheads for a period amounted to $30,000. During this period, the…
A: Explanation of Variable Overhead Expenditure (Spending) Variance:Variable Overhead Expenditure…
Q: What is its net income of this financial accounting question?
A: Step 1: Define Return on Equity (ROE)Return on equity (ROE) is a financial ratio that measures the…
Q: Determine the total budgeted cost
A: Explanation of Flexible Budget: A flexible budget is a dynamic financial planning tool that adjusts…
Q: Dexler Manufacturing has annual sales of $5.2 million, cost of goods sold of $2,000,000, average…
A: Explanation of Operating Cycle: The operating cycle represents the average time it takes for a…
Q: hi expert please help me
A: To determine the income earned from the additional sales, we use the formula: Income=Sales×Margin…
Q: Accounting?
A: Step 1: Definition of Work-in-Process (WIP) CostWork-in-Process (WIP) cost refers to the cost of…
Q: Find out the flexible budget total for these costs is?
A: Step 1: Definitions Flexible Budget:Flexible Budget is a budget that adjusts based on actual…
Q: general accounting
A: Step 1: Definition of Cost per Equivalent Unit of ConversionCost per equivalent unit of conversion…
Q: Hi expert please given correct answer with accounting question
A: Step 1: Definition of Factory Overhead CostsFactory overhead costs (also called manufacturing…
Q: Don't use ai given answer accounting question
A: Step 1: Definition of Break-Even and Target Profit AnalysisBreak-even and target profit analysis is…
Q: How much were the liabilities?
A: Explanation of Assets: Assets represent economic resources owned or controlled by a company that are…
Q: Daud Company has an overhead application rate of 172% and allocates overhead based on direct…
A: Step 1: DefinitionsConcept of Overhead Application Rate:The overhead application rate is a…
Q: I need correct solution general accounting question
A: Step 1: Define Target Profit CalculationThe Target Profit Calculation determines the number of units…
Q: Net income
A: Let's break down the calculations step by step: 1. Equity Multiplier The equity multiplier is given…
Q: General accounting
A: Determine the Contribution Margin per UnitThe contribution margin per unit is calculated…
Q: Calculate the variable overhead rate
A: Variable Overhead Spending Variance:The variable overhead spending variance is the difference…
Q: Help
A: Explanation of Flexible Budget:A flexible budget is a budget that adjusts or flexes with changes in…
Q: What was the amount of credit sales during August
A: Concept of Accounts Receivable:Accounts Receivable represents the amount of money owed to a company…
Q: Can you please give me correct answer this general accounting question?
A: Step 1: Definition of Total Job CostTotal Job Cost is the aggregate of all costs directly associated…
Q: what is the break-even point in bags?
A: Break-Even Analysis for the Bakery To determine the break-even point in bags, we use the break-even…
Q: general accounting
A: Step 1: Definition of Price-Earnings Ratio (P/E Ratio)The Price-Earnings (P/E) Ratio is a valuation…
Q: price-earning ratio accounting question
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings Ratio (P/E) measures how much…
Q: General accounting question
A: Step 1: Definition of Net Income or LossNet Income or Loss is determined by changes in retained…
What was ROE of this financial accounting question?
Step by step
Solved in 2 steps
- The Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .49 and a current ratio of 1.38. Current liabilities are $2,450, sales are $10,630, profit margin is 10 percent, and ROE is 15 percent. What is the amount of the firm’s net fixed assets?The Ashwood Company has a long-term debt ratio of .45 and a current ratio of 1.25. Current liabilities are $875, sales are $5,780, profit margin is 9.5 percent, and ROE is 18.5 percent. What is the amount of the firm's net fixed assets?
- Ellington Enterprises has the following financial data: Current assets = $120,000 Noncurrent assets = $230,000 Current liabilities = $90,000 Long-term liabilities = $60,000 What is the debt-to-equity ratio?King, Inc. has sales of $6189, total assets of $2805, and a debt to equity (D/E) ratio of 1.6. If the company’s ROE is 13%, what is its net income?DTO, Inc., has sales of $32 million, total assets of $25 million, and total debt of $7 million. a. If the profit margin is 6 percent, what is the net income? b. What is the ROA? c. What is the ROE?
- Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation. A.Butters Corporation has a profit margin of 5.5 percent and its return on assets (investment) is 8.75 percent. What is its assets turnover? Round your answer to 2 decimal places. ______ times B.If the Butters Corporation has a debt-to-total-assets ratio of 65.00 percent, what would the firm’s return on equity be? Note: Input your answer as a percent rounded to 2 decimal places. C.What would happen to return on equity if the debt-to-total-assets ratio decreased to 60.00 percent? Input your answer as a percent rounded to 2 decimal places.Lone Star Plastics has the following data:Total Assets: R100,000 ; Net Profit margin: 6.0%;Tax rate: 40% ; Debt ratio: 40.0% of which 30% is interest bearing debt;Interest rate: 8.0% : Total assets turnover: 3.0.Calculate Lone Star's EBIT (Earnings before Interest and Tax).Saddle Industries has sales of $625,400, total equity of $275,000, a net profit margin of 9.25 percent, and a debt-equity ratio of 0.70. What is the return on assets? ANSWER
- What is Highfield profit margin? General accountingSaddle Industries has sales of $625,400, total equity of $275,000, a net profit margin of 9.25 percent, and a debt-equity ratio of 0.70. What is the return on assets? Give me AnswerYardTech, Inc., has sales of $5,300, total assets of $3,400, and a debt-equity ratio of 1.25. If its return on equity is 18 percent, is it possible to determine net income?