I believe the answer u are looking for is c......You can use the reference to support your claim. however be careful that you still use updated information as well
$16.35 is the new hourly wages. $15 increase by 9% is 16.35
Answer:
The March 31st balance sheet should have $2100.
Explanation:
Candy Inc. had $2000 of supplies on hand. They purchased $2900 more.
Therefore at this time, Candy Inc. had a total of $4900 supplies. See below.
Total amount of supplies = supplies on hand + supplies purchased
Total amount of supplies = $2000+$2900
Total amount of supplies= $4900
They used $2800 in March. Therefore, the March 31st balance sheet should have $2100.
Balance=total amount of supplies-supplies used
Balance=$4900-$2800
Balance=$2100
Answer:
Option C is correct (8.95%)
Return on equity is 8.95%
Explanation:
Option C is correct (8.95%)
Return on Equity:
It is the measure of how well company is making profit in relation to stock holder equity.
General Formula formula for return on equity is:
ROE= Net Income/Shareholder Equity
In our Case:
Formula will become:
Net Income= $48,200
Sales=$ 947,100
capital intensity ratio=0.87
equity multiplier=1.53
Return on equity is 8.95%