The Rivera Corporation has a net income of $125,000. There is $1,875,000 in sales. Total assets are $750,000, total receivables are $120,000, and the equity multiplier ratio is 1.8X. What is Rivera's total asset turnover? What is Rivera's ROE?

The Rivera Corporation has a net income of $125,000. There is $1,875,000 in sales. Total assets are $750,000, total receivables are $120,000, and the equity multiplier ratio is 1.8X. What is Rivera's total asset turnover? What is Rivera's ROE?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

See similar textbooks

Related questions

Q: provide answer please

A: Approach to solving the question: Detailed explanation:Given Data:- Selling price per tire = $75 -…

Q: Please give me correct answer

A: Step 1: Definition of Gross ProfitGross Profit is the amount a company earns from its core…

Q: Need help with this question solution general accounting

A: To calculate the Quick Ratio, use the formula: Quick Ratio = (Current Assets - Inventory) / Current…

Q: What is the book value at the end of year 8?

A: Step 1: DefinitionsConcept of Book Value: Book Value is the accounting value of an asset after…

Q: What is the Differential cost per unit?

A: Step 1: Definition of Differential CostDifferential cost (also known as incremental cost) is the…

Q: The increase (decrease) in net income from accepting the offer would be

A: Concept of Relevant Costs:Relevant costs are expenses that will change depending on the decision…

Q: Don't use AI

A: Concept of Manufacturing Overhead:Manufacturing overhead includes all indirect costs associated with…

Q: Can you help me solve this financial accounting problem using the correct accounting process?

A: Step 1: Definition of Price-Earnings (P/E) RatioThe price-earnings ratio measures how much investors…

Q: Quick answer of this accounting

A: Step 1: Definition of Manufacturing Fixed Overhead RateThe Manufacturing Fixed Overhead Rate is the…

Q: determine the net profit under variable costing

A: Step 1: Definition of Variable Costing and Absorption CostingVariable costing includes only variable…

Q: what is the materials quantity variance?

A: Step 1: Definition of Materials Quantity VarianceMaterials Quantity Variance (MQV) measures the…

Q: How much was the company's ending inventory?

A: Concept of Beginning Inventory:Beginning inventory is the value of goods a company has on hand at…

Q: what is the predetermined overheadrate ?

A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a rate used to…

Q: Can you solve this general accounting question with accurate accounting calculations?

A: Step 1: Define Actual Overhead CostActual Overhead Cost refers to the overhead expenses incurred…

Q: How much was the equity of Aurum Resources Ltd worth ??

A: Total Assets = Current Assets + Non-Current AssetsTotal Assets = 9.250 billion + 35.480 billionTotal…

Q: Can you help me solve this general accounting problem using the correct accounting process?

A: Step 1: Define Lower of Cost or Market (LCM)Lower of Cost or Market (LCM) is an inventory valuation…

Q: If image is blurr comment please i will write values . dont give answer with incorrect values. i…

A: Problem 1: Contribution Margin per Machine Hour (Brightwood Seating)Given:Selling price per unit =…

Q: I am searching for the correct answer to this general accounting problem with proper accounting…

A: Step 1:Define Bank ReconciliationBank reconciliation is the process of matching the balances in a…

Q: What is your firm's beginning cash balance on June 1?

A: Step 1: Definition of Beginning Cash BalanceThe beginning cash balance is the amount of cash a…

Q: I need guidance with this general accounting problem using the right accounting principles.

A: Step 1: Definition of FIFO Periodic Inventory MethodFIFO (First-In, First-Out) periodic inventory…

Q: answer plez

A: 4. Compute the New Fixed Assets NeededSubtract the current fixed assets from the required fixed…

Q: I need help with this general accounting question using standard accounting techniques.

A: Step 1: Definition of Break-Even Point and Contribution Margin RatioThe break-even point is the…

Q: Owner's equity for Voltaire Enterprises is $1,250,000, and total liabilities are $500,000. The…

A: Step 1: Definition Concept of Accounting Equation:The accounting equation is the foundation of…

Q: Please provide the answer to this general accounting question with proper steps.

A: Step 1: Definition of Total Assets Total assets refer to the sum of all resources owned by a company…

Q: Please help me solve this financial accounting question using the right financial principles.

A: Step 1: Definition of Owners' EquityOwners' equity is the portion of a company's assets that remains…

Q: I need the correct answer to this financial accounting problem using the standard accounting…

A: Step 1: Define Cash from Operating ActivitiesCash from operating activities (indirect method) is…

Q: At the high level of activity in August, 6,000 machine hours were run and power costs were $11,000.…

A: Explanation of High-Low Method: The high-low method is a cost estimation technique used to separate…

Q: What is the equity premium?

A: Step-by-step Solution:We are asked to calculate the Equity Risk Premium using the provided data.…

Q: General Accounting Question

A: Step 1: Definition of Activity-Based Costing (ABC)Activity-Based Costing (ABC) is a costing method…

Q: accounting

A: Step 1: Definition of Direct Materials CostDirect materials cost refers to the cost of raw materials…

Q: need help this question

A: Operating leverage measures the proportion of fixed costs in a company's cost structure, which…

Q: I am looking for help with this general accounting question using proper accounting standards.

A: Step 1: Definition of Total Direct Material VarianceThe total direct material variance is the…

Q: On January 1, 2025, Wages Payable was $51,000. Wages Expenses for 2025 totaled $463,000. The ending…

A: To calculate the cash paid for wages in 2025, use this formula: Cash Paid = Wages Expense +…

Q: Provide correct solution and accounting

A: Step 1: Definition of Overhead Rate per Machine HourOverhead rate per machine hour is the amount of…

Q: Solve this MCQ

A: Option A: Liabilities,Wrong : Liabilities are debts the company owes (like loans or unpaid bills).…

Q: Accurate answer

A: Explanation of Unadjusted Bank Balance:The unadjusted bank balance is the cash balance shown on the…

Q: what is evergreen total stockholders equity ? general accounting

A: Step 1: Definition of Stockholders' EquityStockholders' equity, also known as shareholders' equity,…

Q: I need help with this general accounting problem using proper accounting guidelines.

A: Step 1: DefinitionsConcept of Contribution Margin per Unit:Contribution Margin per Unit is the…

Q: Need help in this problem qui

A: 1. Understand the base data from Taylor's operationsTaylor's current financial information (before…

Q: Maple Co. estimated its annual manufacturing overhead at $300,000 based on 15,000 direct labor…

A: Step 1: Definition of Applied OverheadApplied overhead is the amount of manufacturing overhead that…

Q: Can you demonstrate the accurate method for solving this financial accounting question?

A: Step 1: Define Present Value (Initial Deposit)Present Value (PV) is the value today of a sum of…

Q: Define and differentiate between capital expenditure and revenue expenditure. Why is it important…

A: Explanation of Capital Expenditure: Capital expenditure represents an outflow of funds to acquire or…

Q: Compute the total variable cost per unit

A: Explanation of Direct Materials: Direct materials are the raw materials and components that become…

Q: Need help this correct answer please

A: Step 1: Definition of Overapplied and Underapplied OverheadOverapplied overhead occurs when the…

Q: Answer please with general accounting

A: Step-by-step approach to calculate the Fair Value of the Investment(Using General Accounting…

Q: At the end of the period, the records show that there had been 300,000 hours of direct labor and…

A: Concept of Job Order Cost Accounting System:A job order cost accounting system is used by companies…

Q: At the end of the year, Braden Manufacturing reports the following: • Total liabilities: $480,00 •…

A: The debt-to-equity ratio is calculated using the following formula:Debt-to-Equity Ratio=Total…

Q: What is the average cost per scooter with overhead ?

A: Provided Data:Monthly production = 160 scootersDirect cost per scooter = $1,875Monthly overhead =…

Q: financial accounting

A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity (D/E) Ratio is a financial metric used…

Q: Chapter 21 Homework i Saved You received partial credit in the previous attempt. 00 8 Exercise 21-3…

A: First, we need to identify the variable costs. From the given data, the variable costs are Direct…

Question

I need help finding the accurate solution to this general accounting problem with valid methods.

The Rivera Corporation has a net income of $125,000. There is
$1,875,000 in sales. Total assets are $750,000, total receivables are
$120,000, and the equity multiplier ratio is 1.8X. What is Rivera's total
asset turnover? What is Rivera's ROE?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What is Jordan's ROE on these general accounting question?
what is smith ROE??
What is the company's ROE on this general accounting question?
DTO, Inc., has sales of $32 million, total assets of $25 million, and total debt of $7 million. a. If the profit margin is 6 percent, what is the net income? b. What is the ROA? c. What is the ROE?
Please provide answer the accounting question
Assume you are given the following relationships for the Haslam Corporation:Sales/total assets 1.2Return on assets (ROA) 4%Return on equity (ROE) 7%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.
What is its ROE on these financial accounting question?
What is its total assets turnover on this accounting question?
The Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?
JPJ Corp has sales of $1.00 million, accounts receivable of $50,000, total assets of $5.00 million (of which $3.00 million are fixed assets), inventory of $150,000, and cost of goods sold of $600,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places)
The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?
Please give me answer accounting.....