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
Answer:
x = 3 should be the answer
Step-by-step explanation:
y is not graphed so y isn't part of the equation while x is so its X = K (K being the number that it goes up on) same thing applies to y if its horizontal then the equation is Y = K)
16.45 - 6.4 = 10.05kg of flour to make 15 batches of scones
1 batch = 10.05/15
= 0.67kg of flour.
