In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2018?

In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2018?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

See similar textbooks

Related questions

Q: Accounts receivable balance:420000, average daily sales:10500

A: Explanation of Days Sales Outstanding (DSO): Days Sales Outstanding is a financial metric that…

Q: Please give me true answer this financial accounting question

A: Step 1: Definition of Net Income in CVP AnalysisIn Cost-Volume-Profit (CVP) Analysis, Net Income…

Q: What is the labor quantity variance?

A: Step 1: Definition of Labor Quantity VarianceLabor Quantity Variance measures the difference between…

Q: Should the machine be replaced?

A: 1. Calculate the Net Investment:Cost of new machine: $85,000Trade-in value of old machine:…

Q: Can you please solve this

A: Beginning Net Fixed Assets = $2,700,000Ending Net Fixed Assets = $3,500,000Depreciation Expense =…

Q: Ans

A: Step 1: Analysis of information givenEnding balance of net fixed assets = $3.5 million or…

Q: Financial Accounting Question

A: Step 1: Definition of Sustainable Growth Rate (SGR)The Sustainable Growth Rate (SGR) represents the…

Q: none

A: Step 1: Definition of Total GainTotal Gain refers to the profit realized when an asset is sold for a…

Q: Please give me correct answer this financial accounting question

A: Step 1: Define Stock Valuation Using P/E RatioThe Price-to-Earnings (P/E) Ratio is a valuation…

Q: Ans ?? Financial accounting

A: Approach to solving the question:Detailed explanation: Examples: Key references:

Q: Gross profit would be

A: To calculate Gross Profit, you can use the following formula:Gross Profit=Sales Revenue−Sales…

Q: help me to solve this questions

A: Step 1: Definition of Overhead CostsManufacturing Overhead Costs include indirect costs incurred…

Q: Not Ai Answer

A: Concept of Book ValueBook value represents the historical cost of an asset minus accumulated…

Q: Need answer

A: Detailed explanation:Given:Purchased price of the equipment $ 25000Freight charges $ 1200Useful life…

Q: Sub. General accounting

A: Step 1: Definition of Material Price VarianceMaterial price variance is the difference between the…

Q: None

A: The value of preferred stock is primarily reliant on its payment of dividends infinitely. Since it…

Q: Income using variable costing?

A: Calculation of the Inventory IncreaseInventory Increase = Ending Inventory - Beginning Inventory…

Q: Provide general accounting questions.

A: Let's break this down step by step to calculate the required values from the information provided:…

Q: 16 Financial Accounting

A: Concept of Fixed CostsFixed costs are business expenses that do not change regardless of the number…

Q: What is the direct labor time variance?

A: Step 1: Definition of Direct Labor Time VarianceThe Direct Labor Time Variance (also called…

Q: Globle Ltd. incurs a $18 per pound cost to produce Product A, which it then sells for $28 per pound.…

A: Let me explain how we arrive at this answer: Differential revenue represents the additional or…

Q: Need answer

A: Explanation of Equivalent Units of Production (EUP):Equivalent units of production (EUP) represent…

Q: Hello tutor please given answer

A: We have given, Net Income = $500,000Stockholders' Equity = $1,600,000 Starlight Company's return on…

Q: financial accounting

A: Step 1: Definition of Operating incomeThe operating income is amount earned by the organizations…

Q: Need answer

A: Explanation of Gross Profit Method:The Gross Profit Method is an inventory estimation technique used…

Q: Provide correct answer general Accounting

A: 1. Calculate Net Income:Taxable Income: EBIT - Depreciation - Interest Expense = $6,200,000 -…

Q: Compute the depreciation charge for 2016

A: Explanation of Original Purchase Cost: Original purchase cost represents the initial amount paid to…

Q: Manufacturing applied factory overhead based on direct labor hours

A: Explanation of Applied Factory Overhead:Applied factory overhead refers to the estimated indirect…

Q: What is the other comprehensive income?

A: Explanation of Other Comprehensive Income (OCI)Other Comprehensive Income (OCI) includes revenues,…

Q: How much cash is expected to be collected in March of this financial accounting question?

A: Step 1: Definition of Cash CollectionsCash collections refer to the cash received from credit sales…

Q: Need help

A: The Return on Stockholders' Equity (ROE) is calculated using the formula:ROE= Net Income /…

Q: True option? ? General Accounting

A: Compute the gross profit.Gross profit = Net sales - Cost of goods soldGross profit = 250,000 -…

Q: Hi expert please help me this question general accounting

A: Step 1: Definition of Absorption CostingIn the absorption costing, fixed manufacturing overhead, as…

Q: Linden corp. has the following information

A: To estimate the ending inventory, we use the Gross Profit Method: 1: Determine the Cost of Goods…

Q: Please give me answer general accounting question

A: Given Costs: Direct materials: $22,000Indirect materials: $5,500Indirect labor: $9,800Factory…

Q: Stockholders equity

A: The question requires the determination of the return on stockholder's equity.Return on equity (ROE)…

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that measures the…

Q: Help

A: Detailed explanation:Q1Actual Overhead Spending, $85,500Applied Overhead = actual direct labor…

Q: answer plz

A: Step 1: Definition of Work-In-Process (WIP) InventoryWork-in-process (WIP) inventory refers to the…

Q: Costs in September?

A: Step 1: Definition of Equivalent Units for Conversion CostsEquivalent units are used in process…

Q: Financial Accounting

A: Step 1: Definition of Interest Tax ShieldThe Interest Tax Shield represents the reduction in taxable…

Q: 5 PTS

A: Explanation of Original Cost: Original cost, also known as the cost of goods sold (COGS), represents…

Q: Given correct answer general Accounting

A: Step 1: IntroductionThe net realizable value (NRV) method allocates joint costs based on the…

Q: Need help this question solution

A: Step 1: Definition of Overhead Allocation Using Traditional CostingTraditional costing applies…

Q: Financial accounting question

A: Step 1: Define Break-Even PointThe break-even point in sales is the level at which total revenue…

Q: How much will regal enterprises record as goodwill?

A: Explanation of Outstanding Shares: Outstanding shares represent the total number of a company's…

Q: Please need help with this financial accounting question not use ai please don't

A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's efficiency…

Q: Need help this question general accounting

A: Step 1: Definition of Stockholders' EquityThe stockholders' equity is the difference between the…

Q: Need answer

A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a standard rate used…

Q: General Accounting

A: Step 1:First, calculate the total sales revenue generated from regular sales and clearance sales:…

Question

Provide correct Answer

In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total
assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the
DuPont equation, what was XYZ Co.'s ROE in 2018?

Expert Solution

This question has been solved!

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

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2018? a) 22.97% b) 36.77% c) 25.62% d) 21.02% e) 14.01%
Provide correct answer in financial accounting
Solve this general accounting problem
In December 2018, General Electric (GE) had a book value of equity of $51.2 billion, 8.6 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $71.7 billion, and total debt of $111.3 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value
In December 2018, General Electric (GE) had a book value of equity of $51.3 billion, 8.9 billion shares outstanding, and a market price of $7.92 per share. GE also had cash of $69.7 billion, and total debt of $108.9 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.)
In December 2018, General Electric (GE) had a book value of equity of $51.5 billion, 8.6 billion shares outstanding, and a market price of $7.93 per share. GE also had cash of $69.9 billion, and total debt of $109.5 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $enter your response here billion. (Round to one decimal place.) What was GE's market-to-book ratio? GE's market-to-book ratio was enter your response here . (Round to two decimal places.) Part 3 b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was enter your response here . (Round to two decimal places.) Part 4 What was GE's market debt-equity ratio? GE's market debt-equity ratio was enter your response here . (Round to two decimal places.) c. What was GE's enterprise…
Dupont equation of xyz co.
Expert need your help
Need help with this general accounting question
Non
I want the correct answer is accounting
What was the firm's profit margin in 2019 ?