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Answer:
LeCompte Corp.
The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:
A) 7.57%.
Explanation:
a) Data and Calculations:
Assets = $312,900
Common Equity = Assets = $312,900
Sales for the last year = $620,000
Net income after taxes = $24,655
Expected return on equity (ROE) = 15%
ROE (in amount) = $312,900 * 15% = $46,935
Profit margin = Returns on Equity/ Sales * 100
= $46,935/$620,000 * 100
= 7.57%
b) The expected returns on equity in dollars is equal to the net income. Therefore, we can use the ROE to calculate the profit margin. The profit margin expresses the relationship between sales and profit. It shows the profit made from each dollar sales.
Answer:
$400,000
Explanation:
Calculation to determine the differential revenue if Wilson Co. were to eliminate the Tennis segment
Differential revenue= $200x2,000 units
Differential revenue= $400,000
Therefore the differential revenue if Wilson Co. were to eliminate the Tennis segment will be $400,000
300 X $690 = $207,000
432 X $590 = $254,880
Hope this helps!
STSN
Answer:
No debt of any kind.
Explanation:
Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.
We have given the return on assets is 15 % and the same return is on the equity that is 15%.
Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.
Equity mulitplier ratio = Total Assets / Total equity.
