Homework Help is Here – Start Your Trial Now!
Business
Accounting
Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt 1,100 1,400 Net fixed assets 3,600 3,500 Common stock 1,200 980 Retained earnings 1,610 1,720 Total assets 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales $6,230 COGS $4,720 Depreciation $440 Interest $75 Taxes $350 Net income $645 Number of shares outstanding 100 What is the return on assets in 2015? a. 1.33 b. 0.54 c. 3.84 d. 0.10 e. 0.14

Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt 1,100 1,400 Net fixed assets 3,600 3,500 Common stock 1,200 980 Retained earnings 1,610 1,720 Total assets 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales $6,230 COGS $4,720 Depreciation $440 Interest $75 Taxes $350 Net income $645 Number of shares outstanding 100 What is the return on assets in 2015? a. 1.33 b. 0.54 c. 3.84 d. 0.10 e. 0.14

Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 3bM
See similar textbooks
icon
Related questions
Question

I want to correct answer general accounting

Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt 1,100 1,400 Net fixed assets 3,600 3,500 Common stock 1,200 980 Retained earnings 1,610 1,720 Total assets 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales $6,230 COGS $4,720 Depreciation $440 Interest $75 Taxes $350 Net income $645 Number of shares outstanding 100 What is the return on assets in 2015? a. 1.33 b. 0.54 c. 3.84 d. 0.10 e. 0.14
Transcribed Image Text:Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt 1,100 1,400 Net fixed assets 3,600 3,500 Common stock 1,200 980 Retained earnings 1,610 1,720 Total assets 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales $6,230 COGS $4,720 Depreciation $440 Interest $75 Taxes $350 Net income $645 Number of shares outstanding 100 What is the return on assets in 2015? a. 1.33 b. 0.54 c. 3.84 d. 0.10 e. 0.14
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
SEE MORE TEXTBOOKS