Rina's Trikes, Inc. reported a debt-to-equity ratio of 1.81 times at the end of 2022. If the firm's total debt at year-end was $9.00 million, how much equity does Rina's Trikes have?{Financial Accounting 5 PTS}
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- Will's Wheels, Incorporated reported a debt-to-equity ratio of 0.65 times at the end of 2022. If the firm's total debt at year-end was $5 million, how much equity does Will's Wheels have? Multiple Choice $0.65 million $3.25 million $5 million $7.69 millionHoe much equity does Taylor Bikes have on these accounting question?How much equity does trinas trikes have ?? General accounting
- How much equity does Toggle's have on its balance sheet for this financial accounting question?FinanceIncome statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable 2025 $3,520,000 2,482,000 1,038,000 957,000 32,000 0 19,000 8,200 1,016, 200 21,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 $3,046,000 1,952,000 1,094,000 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 860,000 28,000 8,200 16,000 49,000 961,200 132,800 2025 $204,000 78,000 128,000…
- Assuming that all sales were on account, calculate the following risk ratios for 2024. Risk Ratios1. Receivables turnover ratio 38.3 times2. Average collection period 9.5 days3. Inventory turnover ratio 15.1 times4. Average days in inventory 24.2 days5. Current ratio 4.0 6. Acid-test ratio ? 7. Debt to equity ratio ? %8. Times interest earned ratio ? timesConfu Inc. expects to have the following data during the coming year. What is the firm's expected ROE?What was the return on stockholder's equity for 2022 on these financial accounting question?
- ?? Financial accounting questionConsider a simple firm that has the following market-value balance sheet: Assets Liabilities end equity $1 040 Debt Equity $400 640 Next year, there are two possible values for its assets, each equally likely: $1 180 and $960. Its debt will be due with 4.9% interest. Because all of the cash flows from the assets must go to either the debt or the equity, if you hold a portfolio of the debt and equity in the same proportions as the firm's capital structure, your portfolio should earn exactly the expected return on the firm's assets. Show that a portfolio invested 38% in the firm's debt and 62% in its equity will have the same expected return as the assets of the firm. That is, show that the firm's pre-tax WACC is the same as the expected return on its assets. If the assets will be worth $1 180 in one year, the expected return on assets will be %. (Round to one decimal place.)For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %