1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
love history [14]
1 year ago
14

A firm has ROA (Return on Assets) of 16% and has the debt ratio of 30%. What's the firm's ROE (Return on Equity)?

Business
1 answer:
timurjin [86]1 year ago
5 0

The firm's ROE  is 4.8%.

<h3>What is the ROE?</h3>

The return on asset is an example of a profitability ratio. Profitability ratios measure the ability of a firm to generate profits from its asset

Return on equity = net income / average total equity

Return on assets is the ratio of net income and average total asset.

Return on assets = net income / average total asset

The debt ratio is the ratio of average total asset and average total equity.

Return on equity = return on asset x debt ratio

16% x 30% = 4.8%

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

You might be interested in
Before year-end adjusting entries, Dunn Company's account balances atDecember 31, 2017, for accounts receivable and the related
mixas84 [53]

Answer:

b.$1,375,000

Explanation:

Dunn Company's

Allowance for uncollectible accounts $1,500,000

Less Accounts receivable expected to be Uncollectible $125,000

Net Realizable value of account receivable $1,375,000

Therefore the net realizable value of accounts receivable after adjustment will be $1,375,000

5 0
3 years ago
After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial
yuradex [85]

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

8 0
3 years ago
Checking a credit report is a good way to
tangare [24]
I think its A cuz its about good or bad credit all the time
7 0
3 years ago
Read 2 more answers
Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value o
S_A_V [24]

A. $351

B. $949

C. $4161

D. $1416


7 0
3 years ago
On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and in
Tcecarenko [31]

Answer: A.) $1,095

Explanation:

Bond value = $30,000

Rate = 7%

Period = 10 years

Issue price = $29,100

Bond value × rate :

30,000 × 0.07 = $2100

Semi annually:

$2100 / 2 = $1050

(Bond value - issue price) ÷ (period × 2)

($30,000 - $29,100) / (10 × 2)

$900 ÷ 20 = $45

$1050 + $45 = $1,095

8 0
3 years ago
Other questions:
  • Process redesign: a. is the fundamental rethinking of business processes. b. is sometimes called process reengineering. c. tries
    9·1 answer
  • 1. Assume that Bob Burn, a CEO of Global Foods, Inc. asks his board of directors to approve a decision to enter the soft drink b
    9·1 answer
  • What is a formal arraignment to limit the production of a product
    7·1 answer
  • An employee of JHT Holdings, Inc., a private trucking company, was responsible for resolving roadway accident claims under $25,0
    14·1 answer
  • Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for
    6·1 answer
  • You are a loan officer at a bank. An application comes to you for $5000 loan. Explain why you would want to know the persons cre
    14·1 answer
  • The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g
    11·1 answer
  • Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property
    6·1 answer
  • Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati
    8·1 answer
  • What must people taking out a mortgage agree to? Check all that apply. A loan amount plans for repairs an interest rate renovati
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!