Answer:
The answers are given below.
Step-by-step explanation:
The computation is shown below:
1.a.
Profit Margin = Net Income ÷ Sales × 100
= $374 ÷ $6,900 ×100
= 5.4%
1-b:
Average Assets = (Beginning Assets + Ending Assets) ÷ 2
= ($3,200 + $3,600) ÷ 2
= $3,400
Now
Return on Assets = Net Income ÷ Average Assets
= $374 ÷ $3,400
= 11%
1-c
Average Equity = ($700 + $700 + $320 + $270) ÷ 2
= $995
Now
Return on Equity = Net Income ÷ Average Equity *100
= $374 ÷ $995
= 37.59%
2:
Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings
= $270 + $374 - $320
= $324
The answer to this is letter D
Assuming 6.5×10^3 5.5×10^5 1.1×10^3
are in scientific notation.
6500
550000
1100
are the choices without scientific notation.
so by looking at this you can assume (E) is the right answer
(E) <span>The greatest number is 5.5 × 105. It is 5,000 times greater than the smallest number.</span>
Just like you drew those dotted lines. You know how to find the areas of rectangles which is A=length x width
The answer would be 20cm^2+6cm^2+18cm^2=44 cm^2
