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
Georgia [21]
4 years ago
9

Assume Metro Company had a net income of​ $2,100 for the year ending December 2018. Its beginning and ending total assets were​

$33,500 and​ $19,500, respectively. Calculate​ Metro's return on assets​ (ROA). (Round your percentage answer to two decimal​ places.)
Business
1 answer:
Sever21 [200]4 years ago
7 0

Answer:

7.92%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $2,100

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($33,500 + $19,500) ÷ 2

= $26,500

Now put these values to the above formula  

So, the ratio would equal to

= $2,100 ÷ $26,500

= 7.92%

You might be interested in
Which Administration and Administrative Support career typically has a bachelor’s degree?
puteri [66]

Answer: Education Administrator for Childcare Centers is the answer.

Explanation:

4 0
3 years ago
The following amounts were taken from the financial statements of Ando Company: 2017 2016 Total assets $800,000 $1,000,000 Net s
aleksandr82 [10.1K]

Answer:

35 times

Explanation:

The price-earnings ratio is the financial ratio that compares the market price of a share with its earnings in order to determine whether the share gives earnings that makes it a good buy.

Price-earnings ratio=market price per share/earnings per share

market price per share for 2017 is $42

earnings per share=net income-dividends/average common stock outstanding

net income is $108,000

dividends is nil

average number of common stock is 90,000

earnings per share=$108,000-$0/90,000=$1.2

price earnings ratio=$42/$1.2=35 times

6 0
3 years ago
Mattel, the maker of barbie dolls, frequently shows television ads aimed at children on saturday mornings, when many children ar
qaws [65]

This most likely depicts an ethical problem because children may be deceived about what Barbie can do.

As some of these ads mix cartoon-type animation and “real” shots of the dolls, children may think that their Barbies can do specific types of actions based from the advertisement. This would also most likely lead to broken Barbies because children may copy the things that they saw in the ads. This is somewhat a form of false advertising.

3 0
3 years ago
Net working capital decreases when: A. a dividend is paid to current shareholders. B. a new 3-year loan is obtained with the pro
dsp73

Answer:

A. Dividend is paid to current shareholders.

Explanation:

This is simply said to be the aggregate amount of all current asset and also all current liability of an investment. It is used in measuring the short term liability of a business by subtracting the current liability from the current asset.

In some cases, it can be tagged a company’s current assets, such as cash, accounts receivable, inventories of goods etc. Many companies sum their's by calculating cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. This is why it is seen to decrease when dividend is paid to current shareholders.

5 0
3 years ago
The amount paid to a depositor for keeping their money in a savings account is called
evablogger [386]

The amount paid to a depositor for keeping their money in a savings account is called  <u>"interest".</u>


You can open different sorts of personal savings accounts with banks, merchants and speculation firms. Savings accounts offer low returns contrasted and most different speculations, however are okay and a decent method to acquire enthusiasm until the point when you are prepared to move assets into higher-return ventures, for example, stocks and bonds.  

The interest on every single individual savings accounts is computed as compound interest.  

Regular savings accounts normally pay bring down loan fees than those paid by currency market accounts.

3 0
3 years ago
Other questions:
  • Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negot
    10·1 answer
  • Gains are: a) Inflows from selling a product or service to a customer b) Increases in equity resulting from transfers of assets
    14·1 answer
  • Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them decreases
    10·1 answer
  • Unemployment compensation is rev: 06_13_2018 Multiple Choice an automatic stabilizer because it rises as income increases, slowi
    9·1 answer
  • Drivers from the salvage ship will try to
    14·1 answer
  • The sales budget for Modesto Corp. shows that 12,000 units of Product A and 14,000 units of Product B are going to be sold for p
    15·1 answer
  • On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
    12·1 answer
  • Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus
    6·1 answer
  • Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive
    7·1 answer
  • Vijay Inc. purchased a three-acre tract of land for a building site for $310,000. On the land was a building with an appraised v
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!