Quick answer of this accounting questions Net income: $180,000 Preferred dividends: $30,000 Interestexpense: $90,000 Interest income: $20,000 Average total assets:$1,000,000What is the rate earned on total assets?A. 25%B. 22%C. 28%D. 20%

Step 1: Definition of Rate Earned on Total AssetsThe rate earned on total assets is a financial…

Answered: Net income: $180,000 Preferred…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 20E

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Category Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re rounded to 4 decimal places (ex: 0.0924))
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current liabilities accounta payable $620,000 notes payables to bank $ 130,000 accrued wages.....? taxes owed $100,000 total current $1,250,000 long term debt..? stockholders equity ..? reaatained earnings..? coommon stock(1 par, 750,000 share authorized, 700,000 outstanding)..? ratained earning..? total stockholders equity $3,140,000 total liabilities and equity..?

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Net income: $180,000 Preferred dividends: $30,000 Interest expense: $90,000 Interest income: $20,000 Average total assets: $1,000,000 What is the rate earned on total assets? A. 25% B. 22% C. 28% D. 20%