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:
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34½% = 34.5% = 0.345 = 345/1000 = 69/200
"Joint variation<span>" means "directly, but with two or more variables". Thus, we write as follows:
j </span>α gv
<span>
We insert proportionality constant k, to change it to equality.
j = kgv
We solve k,
1 = k (4)(3)
k =1/12
j = gv/12
j = 8(11)/12
j = 22/3</span>
