Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits. To find: The return on equity of Tanaka’s for the year 2019.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Step by step correct answer. without using chatgpt. answer should be co

Answer cor

Financing Deficit Stevens Textile Corporation's 2019 financial statements are shown below: Just need the correct LOC? Balance Sheet as of December 31, 2019 (Thousands of Dollars) Cash $ 1,080 Accounts payable $ 4,320 Receivables 6,480 Accruals 2,880 Inventories 9,000 Line of credit 0 Total current assets $16,560 Notes payable 2,100 Net fixed assets 12,600 Total current liabilities $ 9,300 Mortgage bonds 3,500 Common stock 3,500 Retained earnings 12,860 Total assets $29,160 Total liabilities and equity $29,160 Income Statement for December 31, 2019 (Thousands of Dollars) Sales $36,000 Operating costs 34,000 Earnings before interest and taxes $ 2,000 Interest 160 Pre-tax earnings $ 1,840 Taxes (25%) 460 Net income $ 1,380 Dividends (40%) $ 552 Addition to retained earnings $ 828 Stevens grew rapidly in 2019 and financed the growth with notes payable and long-term bonds. Stevens expects sales to…

Answer 2

Question

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Answer 6

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Answer 7

Chapter 12, Problem 54CE

To determine

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 12 - Describe how some of the primary groups of users...Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Prob. 6DQ Ch. 12 - Prob. 7DQ Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits. To find: The return on equity of Tanaka’s for the year 2019.

Solution Summary: The author explains that return on equity measures the effectiveness with which a company uses the assets to create profits.

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.

Want to see the full answer?

Chapter 12 Solutions

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits. To find: The return on equity of Tanaka’s for the year 2019.

Solution Summary: The author explains that return on equity measures the effectiveness with which a company uses the assets to create profits.

Introduction: Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits. To find: The return on equity of Tanaka’s for the year 2019.

Want to see the full answer?

Chapter 12 Solutions

Introduction:

Return on equity measure the profit earned using capital provided by the shareholders of a firm or in other words we can say that ROI measures the effectiveness with which a company uses the assets to create profits.

To find:

The return on equity of Tanaka’s for the year 2019.