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Vera_Pavlovna [14]
3 years ago
9

Selected balance sheet and income statement information for Oracle corporation follows.(required computations from the perspecti

ve of an Oracle shareholder. a. Compute return on equity (ROE) Round answer to two decimal places (ex: 0.12345 = 12.35%) 20.8 % b. Compute return on net assets (ROA) Round answers to two decimal places (percentage ex: 0.12345 = 12.35%) 9.88 % C. Compute return on net operating assets (RNOA) Round answers to two decimal places (percentage ex: 0.12345 = 12.35%) ___ %
Business
1 answer:
tekilochka [14]3 years ago
8 0

Answer:

<u>(A) Compute learn on equity as follows: </u>

Return on equity = (Net income/ Average stock holders’ equity) x 100  

Return on equity = $9,938 / $47,771

Return on equity = 20.8%

Average stock holders’ equity = (48,663 + $46878)/ 2

Average stock holders’ equity = $47,771

<em>Therefore, Return on equity is 20.8% </em>

<u>(B) Compute return on vet assets as follows: </u>

ROA = (Net income / Average total asset) × 100

ROA = ($9,938/100,585) × 100

ROA = 9.88%

Average total asset = (110,903 + 90,266) / 2  

Average total asset = $100,585

<em>Therefore, Return on net assets is 9.88% </em>

<u>(C) Compute return on net operating assets as follows: </u>

Return on net operating assets = (Net Operating income after tax / Average operating assets) × 100

Return on net operating assets = ($9,938 + 1,037) × 100 / 53,991

Return on net operating assets = ($10,975 / $53,991) × 100

Return on net operating assets = 20.33%

Average Operating assets = ($56,535 + 51,447) / 2

Average Operating assets = $53,991

<em>Therefore, Return on net operating assets is 20.33% </em>

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