Calculate Return on Assets Ratio: 2018 2017 Net Income 15297 1300 Total Assets 152954 157303
Calculate Return on Assets Ratio:
| 2018 | 2017 | |
| Net Income | 15297 | 1300 |
| Total Assets | 152954 | 157303 |
Homework Answers
Return on Assets Ratio:
= Net Income ÷ Average Total Assets
1) For 2018:
=15297 ÷( 152954 + 157303/2)
= 15297 ÷ 155128.5
= 9.86%
2) For 2017 avg total asset is not availble.
Note:
If averge asset is not available than we can also calculate ratio with the help of total asset.
Return on Asset:
| Net income | / | Total Assets | = | ROA | |
| 2018 | 15297 | / | 152954 | = | 10% |
| 2017 | 1300 | / | 157303 | = | 0.83% |
Add Answer to:
Calculate Return on Assets Ratio:
2018
2017
Net Income
15297
1300
Total Assets
152954
157303
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and 2018.
Assessment
2018
2017
Calculate the Current Ratio:
Determine the Working Capital:
Calculate the Quick Ratio:
Determine the Debt/Equity Ratio:
Calculate the Price/Earnings Ratio
In the Assessment column you should place the word
"improving" for all of the items that have seen an
improvement
from 2017 to 2018.
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Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net Income $21,500 $16,134 Net Sales 49,540 52,250 Total Assets 68,734 78,128 If the company's total assets are $65,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.7%) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio...
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Requirements: Calculate the following for each year 2017
and 2018.
Assessment
2018
2017
Calculate the Current Ratio:
Determine the Working Capital:
Calculate the Quick Ratio:
Determine the Debt/Equity Ratio:
Calculate the Price/Earnings Ratio
In the Assessment column you should place the word
"improving" for all of the items that have seen an
improvement
from 2017 to 2018.
Comparative Income Statements For the Years Ended December 31, 2018 and 2017 2018 800,400 454,100 346,300 2017 742,600 396,200 346,400 Net sales Cost...
Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 Common stock at the end of 2017 Common stock at the end of 2018 $ 30,700 42,999 14,609 18,700 138,000 264,000 120,000 120,000 eBook Hint Required: On the basis of the data given, prepare a statement of stockholders' equity for 2018. Print References PLUMMER STONEWORK CORPORATION Statement of Stockholders'...
2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000 6,827,760 360,000 8,400,000 5,900,000 248,000 Balance Sheet Information Current assets Long-term assets $ 1,600,000 2,200,000 $ 1,500,000 1,900,000 Total assets $ 3,800,000 $ 3,400,000 $ Current liabilities Long-term liabilities Common stock Retained earnings 1.200,000 1,500,000 800,000 300,000 900.000 1,500,000 800,000 200,000 Total liabilities and stockholders' equity 3,800,000 $ 3,400,000 Required: 1. Calculate the following profitability ratios for 2018 (Round your answers to 1 decimal...
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SME Company has a debt-equity ratio of 57. Return on assets is 7.9 percent, and total equity is $620,000 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? (Do not round intermediate calculations and round your...
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