Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...

Question

Question

Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders equity, beginning-y

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Beginning assets = 93932+208935 = 302867

Ending assets = 113201+136851 = 250052

Average assets = (302867+250052/2) = 276459.50

Return on assets = Net income/Average assets = 16953/276459.50 = 6.13%

So answer is b) 6.13%

Add a comment

Answer 2

Similar Homework Help Questions

Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets...

Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets of $640,000. Its return on total assets is: Multiple Choice 13.6% O 12.9% O 696% 774% 14.4% < Prex 24 of 36 HR Next > re to search O SAMSUNG
1. Selected current year information for the Prosper Co. follows: Net income Net sales... Total liabilities,...

1. Selected current year information for the Prosper Co. follows: Net income Net sales... Total liabilities, beginning-year ... Total liabilities, end-of-year......... Total stockholders' equity, beginning-year. Total stockholders' equity, end-of-year....... S 15.953 712.855 83,932 103,201 198,935 121.851 A. Calculate the total asset turnover ratio (3 points): B. Calculate return on total assets (3 points):
The accounting equation is defined as: Multiple Choice Assets = Liabilities - Stockholders' Equity. Net Income...

The accounting equation is defined as: Multiple Choice Assets = Liabilities - Stockholders' Equity. Net Income = Revenues - Expenses. Assets = Liabilities + Stockholders' Equity. Liabilities + Revenues - Assets.

Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of...

Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of year: Total Assets 180,000 Total Liabilities 50,000 Total Owner's equity 130,000 Changes during year in owner's equity: Additional Investments 25,000 Drawings (b) Total Revenues. 100,000 Total Expenses 65,000 Please solve for a&b and show the calculations.
Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070....

Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070. The profit margin is: Multiple Choice 1.58% 6.31% 84.16% 631.0% 15.84% < Prey 25 of 36 1 Next > to search O SAMSUNG
At the beginning of the year, Wildhorse Company had total assets of $831,000 and total liabilities...

At the beginning of the year, Wildhorse Company had total assets of $831,000 and total liabilities of $593,000. (Treat each item independently.) (a) If total assets increased $161,000 during the year and total liabilities decreased $77,000, what is the amount of stockholders’ equity at the end of the year? (b) During the year, total liabilities increased $91,000 and stockholders’ equity decreased $65,000. What is the amount of total assets at the end of the year? (c) If total assets decreased...

At the beginning of the year, Crane Company had total assets of $900,000 and total liabilities...

At the beginning of the year, Crane Company had total assets of $900,000 and total liabilities of $514,000. (Treat each item independently.) ( a) If total assets increased $173,000 during the year and total liabilities decreased $71,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity_____ (b) During the year, total liabilities increased $103,000 and stockholders’ equity decreased $61,000. What is the amount of total assets at the end of the year? total assets...
Dividends to common stockholders Net income added to retained warnings Beginning retained earnings Ending retained earnings...

Dividends to common stockholders Net income added to retained warnings Beginning retained earnings Ending retained earnings 280 17,561 36, 1 $53,711 350 5,41 38,140 $16.15 Required: Compute the following financial data for this year Last Year $65,000 37.000 28,000 1. Accounts receivable turnover (Assume that all Sales are on account) (Round your answer to 2 decimal places.) 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) 3. Inventory...
At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities...

At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities of $510,000. (Treat each item independently.) (a) If total assets increased $140,000 during the year and total liabilities decreased $70,000, what is the amount of stockholders' equity at the end of the year? Stockholders' equity 540000 (b) During the year, total liabilities increased $90,000 and stockholders' equity decreased $60,000. What is the amount of total assets at the end of the year? Total assets...

At the beginning of the year, Morales Company had total assets of $833,000 and total liabilities...

At the beginning of the year, Morales Company had total assets of $833,000 and total liabilities of $553,000. (Treat each item independently.) (a) If total assets increased $147,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders’ equity at the end of the year? Stockholders’ equity $enter a dollar amount (b) During the year, total liabilities increased $105,000 and stockholders’ equity decreased $76,000. What is the amount of total assets at the end of the...

Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...

Homework Answers

Add Answer to:
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...

Post as a guest

Earn Coins

Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets...

1. Selected current year information for the Prosper Co. follows: Net income Net sales... Total liabilities,...

The accounting equation is defined as: Multiple Choice Assets = Liabilities - Stockholders' Equity. Net Income...

Beginning of the year: Total Assets. $129,000 Total liabilities (a) Total Owner's Equity $85,000 End of...

Martinez Corporation reported net sales of $783.000, net income of $124,000 and total assets of $7,814,070....

At the beginning of the year, Wildhorse Company had total assets of $831,000 and total liabilities...

At the beginning of the year, Crane Company had total assets of $900,000 and total liabilities...

Dividends to common stockholders Net income added to retained warnings Beginning retained earnings Ending retained earnings...

At the beginning of the year, Morales Company had total assets of $800,000 and total liabilities...

At the beginning of the year, Morales Company had total assets of $833,000 and total liabilities...

Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...

Homework Answers

Add Answer to: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...

Post as a guest

Earn Coins

Add Answer to:
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...