The Return on Sales (ROS) of Mini Corp is 5%. Mini's debt ratio (Debt to Assets) is 0.6 and Asset Turnover (Sales to Assets) is 3.2x. What is Mini's Return on Equity (ROE)? a) 26.7% b) 3.9% c) 40.0% d) 9.6% e) none of the above
Q: I want answer
A: Approach to solving the question: First, you need to take note that during September there is an…
Q: Please provide this question answer general accounting
A: Step 1: Define Return on AssetReturn on asset is a profitability ratio that compares the net income…
Q: Account questions: Assuming that a company has $365 million in annual sales, and a gross margin of…
A: To calculate how much investment each additional day of sales in inventory will require, we can use…
Q: What is the equipment's after -tax salvage value for these accounting question?
A: Step 1: Define Salvage ValueSalvage value, also referred to as residual value or scrap value, is the…
Q: Please provide this question answer general accounting
A: The Cash, Accounts Receivables, and Inventories are current assets. Thus, the following…
Q: Right Answer
A: Let's go through each option a) Only financial measuresThis option is incorrect because the balanced…
Q: General accounting 7.9
A: Step 3: Calculate the Initial Revenue and Profit at the Original Selling PriceBefore the competitor…
Q: Provide this question general accounting solutions
A: referencehttps://www.omnicalculator.com/finance/sinking-fund
Q: Metro accounting question
A: STEPS: Step 1: Calculate Direct Labor Cost• Direct Labor Cost = Direct labor-hours × Direct labor…
Q: Provide answer to Question
A: Explanation of Cost of Equipment:The cost of equipment refers to the total amount a company spends…
Q: Answer me
A: The company compares the book value of the asset with the market replacement value with the purpose…
Q: Comet Corporation's liability account balance at June 30, provide answer this general accounting…
A: Step 1: Define Interest PayableInterest Payable is the amount of interest that is already incurred…
Q: Solution
A: Explanation of Gross Profit: Gross profit is the difference between sales revenue and the cost of…
Q: General accounting
A: Explanation of Process Cost System: A process cost system is an accounting method used to allocate…
Q: Give me Step by step solution
A: Explanation: The book value of a depreciable asset is calculated by subtracting the accumulated…
Q: 9 Monday Ltd.'s allowance for doubtful accounts was $85,000 at the end of 2020 and $105,000 at the…
A: 1. Understanding the Allowance for Doubtful Accounts:This is an estimate of the amount of accounts…
Q: Correct answer
A: Step 1:Job order costing is a costing method where each product produced as per customer…
Q: Want help, provide answer for this Accounting Assignment
A: Emotionally intelligent and teamwork-oriented behavior will be vital for success as the new Customer…
Q: Financial accounting: the payback period method
A: Explanation of Payback Period Method: The payback period method calculates the time required to…
Q: Financial Accounting ii
A: Explanation of Overhead Costs: Overhead costs are indirect expenses that cannot be directly traced…
Q: Please give me answer accounting.......
A: Step 1: Define Bad Debt ExpensesThe accounting states that a bad debt expense is recorded when a…
Q: General Accounting
A: The price-earnings (P/E) ratio is a commonly used financial metric that tells us how much investors…
Q: Brian and Monika are married and they have two children, aged 15 and 19. The 19 year old child is…
A: Step 1:as the 19-year-old dependent qualifies due to being physically incapable of self-care, and…
Q: Answer this accounting Question
A: Step 1:Calculating the marginal income per unit. Marginal income per unit = Selling price per unit -…
Q: Get correct answer general accounting
A: Step 1: Define Applied OverheadApplied overhead is a type of manufacturing overhead cost that is…
Q: General Accounting Question Solution please
A: Step 1: Calculate the Sustainable Growth Rate (SGR)SGR = ROE x (1 - Payout Ratio)SGR = 11.2% x (1 -…
Q: General Accounting
A: Adjusted cash balance per bank = Balance per bank statement + Deposit in transit - Outstanding…
Q: How much is the expected total variable cost
A: Explanation of Variable Costs: Variable costs are expenses that change in direct proportion to…
Q: Please solve this question accounting
A: Step 1: Define Carrying Amount of BondThe carrying amount is the face value plus the unamortized…
Q: Solve these general accounting issue please provide correct solution
A: Step 1: Define Capital GainThe capital gain on an asset refers to the difference between the initial…
Q: Question No. 15 sub: financial accounting
A: Explanation of Learning Curve Concept:The learning curve concept is a graphical representation…
Q: Arden Company reported the following costs and expenses for the most recent month: solve this…
A: Step 1: Define Total Manufacturing CostIn cost accounting, the total manufacturing cost refers to…
Q: General Accounting
A: Step 1: Define Direct Labor Time VarianceThe direct labor time (of efficiency) variance represents…
Q: General Accounting
A: Step 1: Definition of Cost Estimation:Cost estimation helps businesses create budgets and financial…
Q: cost accounting
A: Correct Answer: A. Planning, Directing, Controlling Explanation of the Three Primary…
Q: Ans
A: Explanation: In the given case, we are required to calculate the working capital of Calin…
Q: The Jupiter Corporation has a gross profit of $700,000 and $240,000 in depreciation expense. The…
A: Step 1: Formula for Cash FlowCash flow can be calculated as: Cash Flow=Net…
Q: Compute the prime costs on these accounting question
A: Step 1: Define Total Manufacturing CostIn cost accounting, the total manufacturing costs represent…
Q: Get correct answer general accounting
A: Step 1: Define Net IncomeNet income is the excess of revenues over the expenditures and is a very…
Q: Hi expart Provide answer this accounting question
A: Step 1: Define High-Low MethodThe high-low method is a type of managerial accounting technique that…
Q: (31) The accountant for a company mistakenly posted an asset amount as an expense in the general…
A: Hello student! If an accountant mistakenly posted an asset amount as an expense: Assets will be…
Q: Please Provide Answer of Accounting
A: Step 1: Define High-Low Method for Splitting Mixed Costs:The high-low method is a technique to split…
Q: 3.) Merit & Family purchased engines from Canada for 40,000 Canadian dollars on March 10 with…
A: Here is the final summary of journal entries in a table format:No.DateDescriptionDebitCredit1March…
Q: Please give me answer general accounting
A: Step 1: Define Cost AllocationThe manufacturing unit groups the activities in a department as per…
Q: Can you solve this general accounting question?
A: Step 1: Define Accounts ReceivableThe accounts receivable has a contra-asset account, which is the…
Q: I need answer of this question general accounting
A: Step 1: Define Under- or Over-Applied Manufacturing OverheadA company's under- or over-applied…
Q: General accounting 10.5
A: Step 1:Computation of the material variances: Standard quantity for actual production (SQ): Standard…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Accounts ReceivableWe should report the accounts receivable at their net realizable…
Q: Equity transactions, Statement of Changes in Shareholders' Equity The December 31, 2023…
A: Let's start by journalizing the transactions: January 31: Issued 5,000 common shares for $12 each.…
Q: In group
A: Explanation of Book Value Accounting: Book value accounting records assets and liabilities based on…
Please give me financial accounting
Step by step
Solved in 2 steps
- Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.7 Return on assets (ROA) 4% Return on equity (ROE) 6% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %General AccountingI need answer
- Pickler Company has a debt-equity ratio of 1.39. Return on assets is 7.64 percent, and total equity is $695,000. a. What is the equity multiplier? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net Income?Jack Corp. has a profit margin of 3.0 percent, total asset turnover of 2.3, and ROE of 17.45 percent. What is this firm’s debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Kodi Company has a debt-equity ratio of 1.33. Return on assets is 7.58 percent, and total equity is $665,000. a. What is the equity multiplier? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the return on equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the net income? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Equity multiplier b. Return on equity c. Net income times %
- Can you please solve this financial accounting question?Jackson Corporation has a profit margin of 9 percent, total asset turnover of 1.11, and ROE of 14.35 percent. What is this firm's debt- equity ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Debt-equity ratio times4-10)Assume the following relationships for Brauer Corp.:Sales/Total Assets 1.5XReturn on Assets (ROA) 3.0%Return on Equity (ROE) 5.0%Calculate Brauer’s profit margin and debt-to-asset ratio assuming the firm uses only debt and common equity.