All categories

2 years ago

Rush company had net income of $192 million and average total assets of $1,950 million. its return on assets (roa) is?

Business

1 answer:

natima [27]2 years ago

6 0

The return on assets is 0.098.

<h3>What was its return on total assets?</h3>

The return on total assets is an example of financial ratio. It is the net income divided by total assets. It is an example of a profitability ratio. Profitability ratios measure the efficiency with which a company generates profit from its asset.

Return on assets = Net income / average total assets

$192 million / $1,950 million = 0.098

To learn more about return on total assets, please check: brainly.com/question/26513286

#SPJ1

You might be interested in

You purchased a share of stock for $29. One year later you received $2.40 as dividend and sold the share for $28. Your holding-p

bekas [8.4K]

Answer:

4.83%

Explanation:

Given that

Income = 28

End of period value = 2.40

Original value = 29

Recall that

HPR = ((Income + (end of period value - original value)) / original value) × 100

Therefore,

HPR = 28 + (2.40 - 29)/29 × 100

= (28 + ( - 26.6) / 29) × 100

= (1.4 / 29) × 100

= 0.04827 × 100

= 4. 83%

5 0

3 years ago

Read 2 more answers

In many cities, grocery stores find that their sales are much greater on days when they have advertised their special bargains.

Savatey [412]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Minimize inputs

b) Minimize outputs

c) Minimize the difference between the inputs and outputs

And the correct answer is the option C: Minimize the difference between the inputs and the outputs.

Explanation:

To begin with, the criteria used by those shoppers could be understood as the one that tries to minimize the difference between the inputs and the outputs due to the fact that when they see the particular good in offer they tend to buy it more frequently that when the same good is not in offer, however they do not increase the amount of goods bought instead they keep that number the same so they only take advantage of the offer itself and that is why that the company does not increase the physical volumen of the goods sold.

8 0

3 years ago

Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated interna

Juli2301 [7.4K]

Answer:

Common market.

Explanation:

In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.

A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.

A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.

<em>The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely. </em>

7 0

3 years ago

Foundation for motivation

harina [27]

Foundation. Motivation represents "those psycholigical proccesses that cause the arousal,direction, and persistence of voluntary actions that are goal directed."

8 0

3 years ago

Two companies are financed as follows: X Co. Y Co. Bonds payable, 9% issued at face $5,000,000 $3,000,000 Common stock, $25 par

BartSMP [9]

Answer:

The Earnings per Share on Common Stock X Co. $ Y Co is $9.15 and $10.05 respectively.

Explanation:

To compute the earning per share, first we have to calculate the net income and number of outstanding shares.

In mathematically,

Earning per share = Net income ÷ Number of outstanding shares

where,

Net income = Income before bond interest and income taxes - interest - tax

where,

Interest = Bonds × Rate

Tax = income tax rate × remaining balance

whereas, number of outstanding shares = Common stock ÷ price of shares

So,

For X,

The net income is = $2,280,000 - ($5,000,000 × 9%) - (40% of remaining balance)

= $2,280,000 - $450,000 - $732,000

= $1,098,000

And, Number of outstanding shares = 3,000,000 ÷ $25 = 120,000

So, Earning per share for X is

= $1,098,000 ÷ 120,000 = $9.15

For Y,

The net income is = $2,280,000 - ($3,000,000 × 9%) - (40% of remaining balance)

= $2,280,000 - $270,000 - $804,000

= $1,206,000

And, Number of outstanding shares = 3,000,000 ÷ $25 = 120,000

So, Earning per share for X is

= $1,206,000 ÷ 120,000 = $10.05

Hence, the Earnings per Share on Common Stock X Co. $ Y Co is $9.15 and $10.05 respectively.

3 0

3 years ago