Calculate the return on assets of this financial accounting question Revenues: $215,000Expenses: $132,000Assets at Beginning of Year: $729,000Assets at End of Year: $815,000Calculate the return on assets.

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a profitability metric that…

Answered: Revenues: $215,000 Expenses: $132,000…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.3.1MBA

See similar textbooks

Similar questions

Need help calculating: A. Economic value added and B. Return on Capital
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%
Calculate Return on Total Assets each year separately.
Current fiscal year Accounts receivable: 4,532 Inventory: 5,372 Property, plant, and equipment, net: 9,178 Accounts payable: 3,183 Long-term debt: 14,001 Depreciation and amortization expense: 1,831 Net income: 5,791 The next year's forecasted balances for above accounts Accounts Receivable: 4,351 Inventory: 5,050 Property, plant, and equipment, net: 9,637 Accounts payable: 4,584 Long-term debt: 18,341 Depreciation and amortization expense: 1,977 Net income: 4,922 1. Using only the information given abouve what is the forecasted amount for Cash Flows from Operating Activities?
The following is an example of Current assets Fixed assets Current Year $ 420,000 1,530,000 a. regression analysis b. horizontal analysis c. net assets analysis d. marketability analysis Prior Year $ 500,000 1,500,000 Increase (Decrease) Amount $(80,000) 30,000 Percent (16%) 2%
Sales $1,561,836 Operating Income $87,385 Total Assets (investment) $517,201 Target Rate of Return (Cost of Capital) 15% What is return on investment? Input your answer to 1 decimal place. For example if you calculate .1892 enter 18.9.
Can you redo the answer in the following format?
calculate the asset turnover.
Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $410,000 Interest expense 90,000 Average total assets 5,000,000 Determine the return on total assets. (Round percentages to one decimal place.) %
What is the future value of $2,000 invested at the beginning of each year for six years at 4%? a. $13,796.59 Ob.$13,286.11 C. $14,426.67 Od. $14,020.33
General Accounting
Cash Accounts receivable Equipment, net Land Total assets Current Year $7,440 $4,000 44,000 91,680 $197.120 Percent change Prior Year Required: Compute the annual dollar changes and percent changes for each of the following items $8,000 18,000 40,000 66,000 $132.000 (Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.) Cash Accounts receivable Equipment, net Horizontal Analysis Calculation of Percent Change Numerator: Current Year $7,440 54,000 44,000 Prior Year $8,000 18,000 40,000 Denominator: Dollar Change Change

SEE MORE QUESTIONS

Recommended textbooks for you

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Entrepreneurial Finance

Finance

ISBN:

9781337635653

Author:

Leach

Publisher:

Cengage

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Entrepreneurial Finance

Finance

ISBN:

9781337635653

Author:

Leach

Publisher:

Cengage

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

SEE MORE TEXTBOOKS

Revenues: $215,000 Expenses: $132,000 Assets at Beginning of Year: $729,000 Assets at End of Year: $815,000 Calculate the return on assets.