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aalyn [17]
3 years ago
15

A company reports the following income statement and balance sheet information for the current year: Net income $250,000 Interes

t expense 100,000 Average total assets 2,500,000 Determine the return on total assets. Round percentage to one decimal place.
Business
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

The return on total assets or ROA is 0.1

Explanation:

The return on total assets or ROA is calculated this way:

Net income / Average total assets

In this case:

Net income =$250,000 and  Average total assets =  $2,500,000

$250,000 / $2,500,000 = 0.1

The ROA is a ratio to calculate if the investment in assets made by the company is generating enough income.

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Answer:

the bank net interest income for the current year is $140,000

Explanation:

The computation of the bank net interest income for the current year is shown below:

= (Interest earning assets ×  Interest rate earned)-(Interest bearing liabilities ×  Interest rate rate)

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=$300,000 - $160,000

= $140,000

Hence, the bank net interest income for the current year is $140,000

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Answer:

Quality assessment

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If however the quality standard is below expectations, Tha cause is determined with a view of making improvement.

4 0
3 years ago
Sophia, a teacher from Vancouver, Washington, can compare her compensation to peers in the District of Columbia, where pay is mu
KonstantinChe [14]

Answer:

adjust for purchasing power and conditions existing in the local market

Explanation:

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3 0
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The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at some point
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Answer:

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3 years ago
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