Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had $230,000 in assets. By the end of 2019, assets had grown to $320,000. What is Sydney Group's 2019 return on assets?
Q: Calculate the sustainable growth rate ??
A: Step 1: Definition of Sustainable Growth Rate (SGR)The Sustainable Growth Rate (SGR) is the maximum…
Q: Account subject issue
A: Preparing a Variable Costing Income StatementThe Variable Costing Income Statement separates…
Q: John Inc. doubled its amount of assets from the beginning to the end of the year. Liabilities at the…
A: Explanation of Assets: Assets are resources owned by a company that have economic value and are…
Q: Need help with this general accounting question
A: Step 1: Define Depreciation ExpenseDepreciation Expense is the portion of the cost of a tangible…
Q: On January 1, 2021, Nohara Inc, had cash and share capital of Yen 60,000,000. At that date, the…
A: a) Net incomeNet income for Nohara Inc. includes earnings from normal business operations and other…
Q: Please given correct answer general accounting
A: Step 1: Identify the formula for operating leverageStep 2: Substitute the given valuesStep 3:…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Units CompletedIn a process costing system, Units Completed refers to the…
Q: I need answer of this question solution general accounting
A: Step 1: Define InventoryInventory refers to the goods which a company holds for conducting its…
Q: Not use chart gpt please solve this question general Accounting
A: To estimate the cost of the ending inventory, we can use the gross profit method. Here's the…
Q: Hank owns a gym called Ultimate Fitness. During the past year, Hank sold his facility to purchase a…
A: Compute the book value of the building at the date of sale.Book value = Cost - Accumulated…
Q: None
A: Step 1: Define Return on assetsIt is shortened as ROA that depicts the net income obtained from the…
Q: Subject:- General Account - A company produces a single product. Variable production costs are…
A: To calculate the dollar value of the ending inventory under variable costing, we only consider…
Q: What is the present value
A:
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Sustainable Growth Rate (SGR)The sustainable growth rate (SGR) is the maximum…
Q: A club formed for pleasure, recreation, and social activities is most likely organized under…
A: Section 501(c)(7) of the Internal Revenue Code applies to social and recreational clubs organized…
Q: What is company a's net income?
A: To calculate Company A's net income, we follow these steps:Step 1: Identify the Formula for Net…
Q: What is the gross profit margin?
A: Step 1: Define Gross Profit MarginGross profit margin is an important financial ratio that compares…
Q: General accounting question
A: Step 1: Definition of Operating CycleThe operating cycle is the time it takes for a company to…
Q: Please answer
A: To determine the number of widgets the firm must sell for its EBIT (Earnings Before Interest and…
Q: Need help this question general accounting
A: Step 1: Define Return on AssetReturn on asset is the financial ratio that determines the amount of…
Q: I need this question answer general accounting question
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold or the cost of sales is the amount…
Q: Martinez Company's ending inventory includes the following items: Per Unit Product Units Cost Market…
A: Step 1: Compare Unit Cost and Market ValueFor each product, select the lower value between the unit…
Q: Hii expert please give me correct answer general Accounting
A: Step 1: Define Present Value of InvestmentThe present value of an expected cash flow at maturity…
Q: International inc. sales
A: To calculate the Degree of Operating Leverage (DOL) for International, Inc., we can use the…
Q: The rate of return on assets for 2012 was ?
A: To calculate the rate of return on assets (ROA) for 2012, use the following formula: ROA = (Net Farm…
Q: General accounting
A: Step 1: Define GoodwillIt arises when one entity acquires another entity by paying a consideration…
Q: Chuman Corporation produces stovetop units. The following per-unit cost information is available:…
A: Step 1: Understand the FormulaThe formula for markup percentage using variable-cost pricing is:…
Q: What is the profit margin and the debit ratio ?
A: We can calculate the profit margin and the debt ratio using the given information: 1. Profit Margin:…
Q: Need help with this accounting question please solve
A: Step 1: Definition of High-Low MethodThe high-low method is a way to estimate the variable and fixed…
Q: Answer this general accounting question
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of allocating the…
Q: Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted-average…
A: Step 1: Understand the Weighted-Average MethodUnder the weighted-average method, equivalent units of…
Q: Calculate Saturn's operating income using absorption costing?
A: Step-by-Step Solution:1. Sales RevenueSales Revenue=Units Sold×Selling Price Per UnitSales…
Q: During the current year, a business sells equipment for $440,000. The equipment cost $290,000 when…
A: To solve this, we need to calculate the tax implications of the sale of the equipment: Determine the…
Q: Not use ai solution given correct answer general accounting question
A: Step 1: Define High-Low MethodHigh-Low Method is one of the methods used in separating a mixed cost…
Q: Hello tutor provide correct answer financial Accounting question
A: Step 1: Define Return On AssetsThe return on assets (ROA) is determined to know how much income has…
Q: Need help this question
A: Step 1: Define CVPCost-Volume-Profit analysis (CVP) looks at the way costs are affected by volume…
Q: General Accounting Question please answer
A: Explanation: In the given case, we are required to calculate the total return for Hamilton Growth…
Q: Boulder Mountain Ski Company has total assets of $599,400,000 and a debt ratio of 0.26. Calculate…
A: Explanation of Debt Ratio:The debt ratio measures the proportion of a company's total assets that…
Q: Pepper snack company sold its chips division solution general accounting question
A: Step 1: Definition of Reported Loss on DisposalThe reported loss on disposal refers to the net loss…
Q: Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap,…
A: Concept of Debt Financing: Debt financing refers to the process of raising capital by borrowing…
Q: Sub: Accounting
A: Explanation of Trade Credit TermsTrade credit terms, such as "2/15, net 55," indicate the payment…
Q: Carla Vista Mortgage Company uses a process costing system to accumulate costs in its loan…
A: (a) Equivalent Units of Production (EUP)Direct Materials:Applications completed during September =…
Q: cost account query
A: To calculate the weeks of supply, we use the following formula: Weeks of Supply=Cost of…
Q: I want to this question answer general accounting
A: Markup is the amount added to the cost price of a product to cover expenses and generate profit,…
Q: both answer needed in this general account query
A: To calculate the lower-of-cost-or-market (LCM) for inventory, we'll apply the rule to both…
Q: General accounting
A: Step 1: Define Account Receivable ManagementIn order to maintain a consistent cash flow for the…
Q: None
A:
Q: ABC Company produces a single product. Operating data for the company and its absorption costing…
A: To prepare an income statement using variable costing, we only include variable production costs in…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Unit CostUnit Cost: Unit cost is the total cost incurred to produce one unit…
Q: What has been your total holding period percentage return on these financial accounting question?
A: To calculate the Total Holding Period Percentage Return, use the formula: Total Holding Period…
Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had $230,000 in assets. By the end of 2019, assets had grown to $320,000. What is Sydney Group's 2019 return on assets?
Step by step
Solved in 2 steps
- Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of 2019, assets had grown to $300,000. What is Swiss Group’s 2019 return on assets? How would you assess its performance if competitors average an 11% return on assets? The initial analysis should include the following: The ratio equation The calculation of the ratio using the equation and the pre-assigned Quick Study or Exercise from the textbook. (See below) Use the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income. Then explain whether this is a good result or a result that needs improving. Use citations to cite any outside sources used. The original post should include at least three (3) sentences but no more than seven (7) sentences.If Nixon Corporation had a net income of $420,000 in 2018 and it experienced a 19.8% increase in net income for 2019, what is its net income for 2019?If Nixon Corporation had a net income of $420,000 in 2018 and it experienced a 19.8% increase in net income for 2019, what is its net income for 2019? Answer
- What was the firm's profit margin in 2019 ?Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- Need helpIf UPPA Company had net income of $561,600 in 2022 and it experienced a 17% increase in net income over 2021, what was its 2021 net income?Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 NOVAK COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations…
- The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 216) Net income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable Inventories Total current assets Net plant and equipment Total assets $22,120 $22,120 $ 240,000 170,000 $70,000 14,000 $ 56,000 11,760 G44,240 BALANCE SHEET, YEAR-END, 2019 7,000 12,000 21,000 $ 40,000 180,000 220,000 Liabilities Current liabilities Accounts payable Total current liabilities Long-term debt Stockholders' equity Common stock plus additional paid-in capital Retained earnings Total liabilities plus stockholders' equity 14,000 14,000 140,000 15,000 $1,000 $220,000Condensed financial data of Cullumber Company for 2020 and 2019 are presented below. CULLUMBER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,170 Receivables 1,780 1,310 Inventory 1,580 1,900 Plant assets 1,900 1,720 Accumulated depreciation (1,180 ) (1,140 ) Long-term investments (held-to-maturity) 1,310 1,420 $7,180 $6,380 Accounts payable $1,220 $880 Accrued liabilities 210 240 Bonds payable 1,380 1,550 Common stock 1,930 1,660 Retained earnings 2,440 2,050 $7,180 $6,380 CULLUMBER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,690 Cost of goods sold 4,650 Gross margin 2,040 Selling and administrative expenses 930 Income from…Condensed financial data of Flounder Company for 2020 and 2019 are presented below. FLOUNDER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,760 $1,180 Receivables 1,780 1,280 Inventory 1,610 1,920 Plant assets 1,880 1,660 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,310 1,400 $7,120 $6,250 Accounts payable $1,170 $880 Accrued liabilities 190 240 Bonds payable 1,390 1,540 Common stock 1,910 1,730 Retained earnings 2,460 1,860 $7,120 $6,250 FLOUNDER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,020 Cost of goods sold 4,780 Gross margin 2,240 Selling and administrative expenses 910 Income from…
