LaDanion's Limos reports net income of $130,000, average total assets of $700,000, and average total liabilities of $340,000. Calculate LaDanion's return on assets and return on equity ratios.
Q: Do fast answer of this accounting questions
A: Step 1: Define Non-Current AssetsNon-current assets are the assets that the firm buys or invests in…
Q: Waupan company has the following unit solve this general accounting question
A: Step 1: Define Costing MethodsCosting methods are used in management accounting. They help calculate…
Q: I want correct answer to this question (FINANCIAL ACCOUNTING) 4 pts
A: Explanation of Specialized Allocation HierarchiesSpecialized allocation hierarchies refer to…
Q: General accounting question please solve
A: Change in Total AssetsTo solve the problem, we use the accounting equation:…
Q: Please provide answer the following requirements a and b on this general accounting question
A: Step 1: Define Flotation CostFlotation cost can be defined as the total amount of money spent by the…
Q: Please given correct answer general accounting
A: Step 1: Define Price Earnings RatioThe undervaluation or overvaluation of a stock can be determined…
Q: Please provide correct answer general accounting question
A: Step 1: Define Operating LeverageThe term operating leverage shows how much the operating income…
Q: What is the amount of the gross profit on these general accounting question?
A: Step 1: Total sales.= cash sales + credit sales= $520,000 + $1,480,000= $2,000,000 Step 2: Gross…
Q: General Account Que.
A: To determine how much Appalachian Airlines paid in taxes in 2014, we need to calculate taxable…
Q: What are the nominal and effective costs of trade credit under the solve this question general…
A: Step 1: Define Trade CreditCompany allows the buyer to purchase the goods on credit but there is…
Q: None
A: a. Selling Price for Tax Purposes:• Step 1: Determine the selling price for tax purposesb.…
Q: The beta of westbrook corp. Solve this general accounting question
A: Step 1: Calculate the market risk premiumE(Rm)−Rf=0.14−0.05=0.09Step 2: Apply the CAPM formula:Key…
Q: Wildhorse Co. accumulates the following cost and market data on December 31. Inventory Categories…
A: To determine the lower-of-cost-or-market (LCM) valuation for Wildhorse Co.'s inventory, we must…
Q: I don't need ai answer general accounting
A: Understanding the Concept of Conversion ValueThe conversion value of a convertible bond is the value…
Q: Hi tutor give me answer this general accounting question
A: Step 1: Define Cost of Goods Sold Cost of Goods Sold (COGS) refers to the direct costs incurred by a…
Q: Can you please answer the general accounting question?
A: Step 1: Define Mixed CostsMixed costs are those costs that have characteristics of both fixed and…
Q: Hi someone tutor can you solve it? subject is account
A: To determine the write-down required using the Lower of Cost or Market (LCM) rule on the basis of…
Q: What is the current yield on the bond if it can be purchased for $800 on these general accounting…
A: Detailed explanation: Detailed Explanation of Current Yield Calculation and ConceptThe current…
Q: Please given answer general accounting
A: Step 1: Define Capital GainCapital gain is an appreciation in asset's market value over periods.…
Q: No. 45
A: Explanation of Budgeted Cost of Goods Sold: Budgeted cost of goods sold represents the anticipated…
Q: Accurate answer please
A: To calculate the equivalent units of production for materials, we need to account for the materials…
Q: What is the gross income for the year on these financial accounting question?
A: Step 1: Define Gross IncomeGross income is calculated as Net Sales minus Cost of Goods Sold (COGS).…
Q: please give answer in this general account
A: To calculate the total period cost under variable costing, it is essential to understand that under…
Q: Hello expert please given correct answer
A: Step 1: Define Straight-Line MethodThe straight-line method of depreciation is a simple and commonly…
Q: Excepts from dialing company's december solve this question general Accounting
A: Step 1: Define Average Collection PeriodThe company calculates the average collection period for…
Q: Financial accounting
A: Step 1: Define Fixed-Order Quantity ModelThe fixed order quantity model is a model for controlling…
Q: Provide Answer in this Account Question's
A: Step 1: Identify Variable Product Costs Per UnitUnder variable costing, only variable manufacturing…
Q: A production department has no beginning work solve this accounting questions
A: Step 1: Definition of Equivalent Units for Conversion CostsEquivalent units for conversion costs…
Q: What is their yield to maturity on these financial accounting question?
A: The problem requires the determination of the yield to maturity and the bond's value. Yield to…
Q: ?
A: Explanation of Sales Revenue:Sales revenue refers to the total amount earned from selling goods or…
Q: Ivanhoe Distribution Co. has determined its December 31, 2017 inventory on a LIFO basis at $890,000.…
A: Step 1: Understand the Lower-of-Cost-or-Market RuleUnder the LCM rule, inventory is valued at the…
Q: Financial Account. You are finishing your 3rd year in business with $502,000 of gross income and…
A: To calculate the taxable income for this year, we will use the net operating loss (NOL) carryforward…
Q: Subject = General Account
A: The Lower of Cost or Market (LCM) is an accounting principle that requires inventory to be valued at…
Q: Hello tutor please get the correct answer the general accounting question
A: Step 1: Define Basic Accounting EquationThe use of the basic accounting equation is the fundamental…
Q: Kingbird Corporation is authorized to issue 1,130,000 shares of $1 par value common stock. During…
A: Step 1:The journal entries with explanations:DateAccount Titles and ExplanationDebitCreditJan…
Q: ?
A: Step 1: IntroductionIn lower-of-cost-or market valuation, each item is valued individually at the…
Q: What is the total amount will appear on the balance sheet?
A: Step 1:Property, Plant, and Equipment are the long-term tangible assets that are being used for…
Q: provide solution
A: The overstatement of ending inventory by $36,000 at December 31, 2012, has a significant impact on…
Q: Hy expert provide answer please
A: Step 1: Define Accounts ReceivablesAccounts receivables are current assets, meaning, these are…
Q: Financial Accounting
A: Step 1: Define Yield To CallThe yield to call(YTC) of a bond differs from its yield to…
Q: If you give me correct answer I will give you helpful rate on these general accounting question
A: Step 1: Define Retail Inventory MethodThe retail inventory method is used by large retailers that…
Q: Get correct answer general accounting
A: Step 1: Define EBITEBIT stands for earnings before interest and taxes. This is a measure of pre-tax…
Q: If you give me correct answer I will give you helpful rate on these general accounting question
A: Step 1: Define Gross ProfitThe amount of gross profit could be computed by obtaining the difference…
Q: Financial Accounting Question please solve
A: Step 1: Define Capital ExpendituresWhen a company buys assets or makes improvements to the assets…
Q: Need help with this question solution general accounting
A: Step 1: Computation of adjusted book valueBook value = $620,000The value of equipment needs to be…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Price to Earnings RatioThe price to earnings ratio (P/E) is one of the most commonly…
Q: The entry in the general
A: Explanation of Sales Revenue: Sales revenue represents the actual amount charged for goods or…
Q: What this question answer? Please given correct answer general Accounting question
A: Step 1: Define LandThe land is recorded under a company's balance sheet as a tangible asset under…
Q: None
A: Understanding the ScenarioThe retailer is offered credit terms of 1/15, net 45, which means they can…
Q: Hii expert please provide correct answer this general accounting question
A: Step 1: Define Gain or Loss on the Sale of an AssetLong-term assets are generally carried on the…
Calculate ladanion's return on assets and return on equity ratios .general accounting
Step by step
Solved in 2 steps
- Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning of the year and $88 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Return on Assets Numerator/Denominator Amounts Peyton's Palace % Profit Margin Numerator/Denominator Amounts Peyton's Palace % Asset Turnover Numerator/Denominator Amounts Peyton's Palace timesWant to this question answer general AccountingWant answer
- 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%What is the return of assetsKendrick Industries provided the following financial data: ⚫ Net Income = $30,120 Assets at the Beginning of the Year = $220,000 Assets at the End of the Year = $270,000 Find the return on assets (ROA) in percentage.
- Nerf Mania reports net income of $500,000, net sales of $4,000,000, and average assets of $2,000,000. The return on assets is:Calculate the Debt Ratio, Equity Ratio, and Debt to Equity ratio, based on the following: cash = $14,870; acounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000.Calculate the return on assets and return on equity ratio?
- Please provide answer the following requirements on this accounting questionlonic Exploration Company reported these figures for 2018 and 2017: E (Click the icon to view the figures.) Compute the rate of return on total assets for 2018. (Round to two decimals.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.) Rate of return on total assets %3D Data Table S: Income Statement-partial: 2018 2017 Interest Expense $ 17,800,000 $ 14,500,000 Net Income 18,400,000 14,600,000 Balance Sheet-partial: Dec. 31, 2018 Dec. 31, 2017 Total Assets $ 322,000,000 $ 320,000,000 Print DoneABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following liabilities: accounts payable, $98 million; long-term debt, $23 million. Based on these amounts, what is the acid-test ratio ? Numeric Response:?????????