World Exports has total assets of $938,280, a total asset turnover rate of 1.18, a debt- equity ratio of 0.47, and a return on equity of 18.7 percent. What is the firm's net income? a. $119,359.43 b. $88,303.33 c. $104,624.14 d. $121,548.09 e. $92,236.67
Q: Solve accounting question not use ai
A: Step 1: Definition of Contribution MarginThe contribution margin is a vital input under marginal…
Q: If you give me wrong answer I will give you unhelpful rate
A: Step 1: Identify the starting retained earnings TriCycle Corp. started the year 2008 with $25…
Q: Don't use AI.
A: Step 1: Data EntryYou need to enter the following data into your Excel sheet:Weights Vector: Enter…
Q: Give true solution for this general accounting question
A: Step 1: Define LiabilitiesA liability is a kind of debt that a person or a company owes to a…
Q: What is the number of workdays in an order cycle?
A: FEEL FREE TO ASK FOR CLARIFICATIONS.
Q: In the previous chapter, Josh, Kyler, and Maria created Beachside Properties LLC to own and operate…
A: The ownership change of Beachside Properties LLC by Josh, Kyler, and Maria poses financial and tax…
Q: Need help
A: Step 1: Define Cash FlowsThe cash flow statement for a firm is usually categorized into net cash…
Q: General Accounting
A: Step 1: Introduction to the Manufacturing OverheadManufacturing overhead consists of the indirect…
Q: Need help with this accounting question
A: Step 1: Define InventoryAll stock, including raw materials, finished commodities, and things in…
Q: Provide solution for general accounting question
A: Step 1: Define Return On EquityReturn on equity (ROE) is a two-part ratio that includes the figure…
Q: Provide correct net sales
A: Step 1: Define Net SalesNet sales are the amount of revenue earned by the company after taking into…
Q: Hudson Company reports the following contribution margin income statement. HUDSON COMPANY…
A: To get the sales given a target income, use the following formula: Sales = (Target Income + Fixed…
Q: Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Delater Company had sales of…
A: Step 1: Calculate Average Inventory:Average Inventory = (Beginning Inventory + Ending Inventory) /…
Q: Provide correct answer
A: Step 1 For simple interest The formula for simple interest is:A=P(1+rt)Where:A is the amount of…
Q: Investigation of Spending This assignment aligns with Outcome 3: Explore the role of artificial…
A: First, we need to calculate Tom's total expenses for the year. This includes all the categories…
Q: On November 1, Jasper Company loaned another company $300,000 at a 7% interest rate. The note…
A: Step 1: Calculate the Monthly Interest Rate:Divide the annual interest rate by 12 months to get the…
Q: Alexis Company was started in Year 1. At the end of Year 1, the Company had the following accounting…
A: Step 1: Understand the Accounting Equation at the End of Year 1The accounting equation at the end of…
Q: QUESTION -123 The condensed income statement for the Consumer Products Division of Milner Industries…
A: a) Using the DuPont Formula to determine profit margin, investment turnover, and rate of return on…
Q: Solve this accounting question
A: Step 1: Define Fixed AssetsFixed assets are the economic resources of a company that are used in…
Q: Not use ai please don't
A: Step 1: Define Labor Rate VarianceThe labor rate variance arises due to the difference between the…
Q: Don't use AI.
A: Calculate Cash Inflows from RevenueCash Inflows=Revenue−(Accounts Receivable20X3 − Accounts…
Q: Hello tutor provide solution
A: Step 1: Define Full CostingFull costing is also known as absorption costing which is a technique to…
Q: How many units should Sheridan produce during June?
A: Step 1: Define InventoryThe inventory is a current asset that involves all the raw materials used in…
Q: Exercise 3-18 (Algo) Weighted average: Production cost report LO P2 Elliott Company produces large…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Provide solution
A: Explanation of Total Assets: This refers to the total value of everything a company owns, including…
Q: None
A: Step 1: Definition of Accounting EquationIn accounting, the accounting equation serves as the…
Q: Need answer the accounting question
A: Step 1: Define InventoryInventory is the greatest and regarded as the main asset of any business…
Q: Problem 5-(20 points) A company is building a powerplant. It is considering three alternatives.…
A:
Q: The financial statements of Parent and Subsidiary are found in the table below. Assuming that Parent…
A: 1. Consolidation of Assets and Liabilities: - Since Parent Inc. acquired 90% of Sub Inc., we…
Q: The principle that states revenue should be recognized when earned, regardless of when cash is…
A: Explanation of Cash Basis Principle: The Cash Basis Principle dictates that revenue and expenses are…
Q: give me the journal entry for Manufacturing Overhead such as utilities incurred = $90 and also what…
A: Manufacturing overhead, also known as factory or production overhead, refers to indirect…
Q: Ariana Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike…
A: Detailed explanation:Periodic Inventory System Goods Available for Sale :UnitsUnit CostTotal Cost…
Q: George wants to purchase a home. After his down payment, he needs to finance $500,000. He gets a 25…
A: To calculate the monthly mortgage payment, we can use the following formula: M = P * r * (1 + r)^n /…
Q: Give all parts solution, don't use AI.
A: A not-for-profit corporation operates to benefit the public rather than to generate profits for…
Q: help please A company's inventory records show the following data for the month of January. Date…
A: To calculate the cost of ending inventory using the LIFO perpetual inventory system for the given…
Q: Need help with this accounting problem
A: Step 1: Define Contribution MarginWhen variable costs are subtracted from sales revenues, the…
Q: Can you provide this accounting question answer?
A: The Present Value Index (PVI) is a financial metric used to evaluate the profitability of an…
Q: What was the standard rate for August?
A: Step 1: Introduction to standard costingStandard costing is a management accounting technique used…
Q: Need Help to get Answer
A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…
Q: Hi expart Provide answer the accounting question
A: Step 1: Define Return RatiosThe corporations that intend to raise capital from the public through an…
Q: Crane Company sells goods on credit that cost $320,000 to Paul Company for $404,500 on January 2,…
A: Preparation of income statement as follows:First QuarterSales revenue $360,500 Cost of goods sold…
Q: General Accounting
A: Step 1: Introduction to capital budgetingCapital budgeting refers to the process of analyzing…
Q: What
A: The purchase cost of the inventory is $50,000 and if the payment is made within 10 days (2/10) then…
Q: Need answer the accounting question
A: Step 1: Introduction to the PensionPension is the amount which one receive after his /her retirement…
Q: How do I find the tax basis?
A: Understanding Ernesto's Tax Basis in the STS StockWhen calculating the tax basis in a stock received…
Q: Frank's Dogs has beginning net fixed assets of $480 and ending net fixed assets of $530. Assets…
A: Step 1: Define DepreciationDepreciation is the cost of using an asset that is capitalized over time,…
Q: Need help
A: Step 1: Definition of Return on EquityThe return on equity represents the percentage of total equity…
Q: 2. On May 14, 2024, Gilbert Enterprises Inc. factored receivables with Sullivan Company. The…
A: First, we need to calculate the amount received by Gilbert Enterprises Inc. from the factoring…
Q: Which of the following is a liability? a) Cash b) Accounts Receivable Accounts Payable d) Retained…
A: Accounting defines liabilities as obligations a firm owes external parties that are settled over…
Q: Price Company acquired 75 percent of the common stock of Shandie Corporation on December 31, 2013.…
A: Step 1: Understand the Consolidation RulesIn a consolidation, the parent company reports 100% of the…
Need Help with this Question please provide solution
Step by step
Solved in 2 steps
- Please answer the questionIf Epic, Inc. has an ROE of 25%, an equity multiplier of 4, and a profit margin of 12%, what is the total asset turnover ratio? a. 0.0833 b. 0.192 c. 0.5208 d. 0.75What are the annual sales for a firm with $805,853 in total liabilities, a total debt ratio of 0.84, and an asset turnover of 1.5? Numeric Response
- What is the return on equity?The Saw Mill has a return on assets of 6.1 percent, a total asset turnover rate of 1.8, and a debt-equity ratio of 0.6. What is the return on equity? Group of answer choices 9.76 percent 15.86 percent 19.03 percent 4.26 percent 12.28 percentWhat are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48, and an asset turnover of 4.75?
- A firm with current assets of $85,750 and current liabilities of $62,958 would have: A. A current ratio of 1.37 B. $1.37 of current assets for every $1 of current liabilities C. A positive current ratio, dependant on the pace of inventory sales and lean repayments D. All of the aboveKelso's has a return on equity of 15.2 percent, a debt-equity ratio of 44 percent, a capital intensity ratio of 1.08, a current ratio of 1.25, and current assets of $138,000. What is the profit margin? {Hint: capital intensity ratio is related to total asset turnover.} 13.65% 9.72% 7.45% 11.40% 12.15%Return on Capital Employed (ROCE) = For Riccarton PLC: ROCE = 50000/380000 X 100 = 13.2% For Edinburgh PLC: ROCE = 45000/230000 X 100 = 19.6% Current Ratio = Current assets/current liabilities For Riccarton PLC: Current ratio = 150/120 = 1.25 For Edinburgh PLC: Current ratio = 80/70 = 1.14 Gearing Ratio = (long term borrowing + short term borrowings) / equity For Riccarton PLC: Gearing ratio = (180 + 100)/200 = 1.4 For Edinburgh PLC: Gearing ratio = (100 + 50)/130 = 1.15 Price/Earnings (P/E) Ratio = Share price / earnings per share For Riccarton PLC: P/E Ratio = 195/35 =5.57 For Edinburgh PLC: P/E Ratio = 451/28 = 16.107 Based on the above ratios explain, which company George H. and James W. should invest in. You should also briefly discuss the limitations of your analysis.