Presented below is selected financial data for Teague Industries for the current year: Current assets: Current liabilities Cash and cash equivalents $3503 Accounts payable $5385Short-term investments 1555 Other current liabilities 2892Receivables, net 1811 Total current liabilities 8277Merchandise inventories 6205 Noncurrent liabilities 5196Other current assets 1975 Shareholders' Equity 6250Total current assets 15,049 Total liabilities and shareholders' equity $19,723Noncurrent assets 4674 Total assets $19,723 Revenues $50,826 Costs and Expenses 45,963 Operating Income 4,863 Other income/expense (including interest expense of $60) (36) Income before income tax 4827 Income tax expense (1449) Net income $3378 Previous Years' Financial Data Total Assets $17,020Shareholders' Equity 4000The financial leverage for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)
Presented below is selected financial data for Teague Industries for the current year: Current assets: Current liabilities Cash and cash equivalents $3503 Accounts payable $5385Short-term investments 1555 Other current liabilities 2892Receivables, net 1811 Total current liabilities 8277Merchandise inventories 6205 Noncurrent liabilities 5196Other current assets 1975 Shareholders' Equity 6250Total current assets 15,049 Total liabilities and shareholders' equity $19,723Noncurrent assets 4674 Total assets $19,723 Revenues $50,826 Costs and Expenses 45,963 Operating Income 4,863 Other income/expense (including interest expense of $60) (36) Income before income tax 4827 Income tax expense (1449) Net income $3378 Previous Years' Financial Data Total Assets $17,020Shareholders' Equity 4000The financial leverage for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Presented below is selected financial data for Teague Industries for the current year:
Current assets: Current liabilities
Cash and cash equivalents $3503 Accounts payable $5385
Short-term investments 1555 Other current liabilities 2892
Receivables, net 1811 Total current liabilities 8277
Merchandise inventories 6205 Noncurrent liabilities 5196
Other current assets 1975 Shareholders' Equity 6250
Total current assets
15,049
Total liabilities and shareholders' equity $19,723
Noncurrent assets 4674
Total assets $19,723
Revenues $50,826
Costs and Expenses 45,963
Operating Income 4,863
Other income/expense (including interest expense of $60) (36)
Income before income tax 4827
Income tax expense (1449)
Net income $3378
Previous Years' Financial Data
Total Assets $17,020
Shareholders' Equity 4000
The financial leverage for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)
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