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ANEK [815]
3 years ago
10

A company has annual sales of $160 million, a net profit margin of 4%, and total assets of $90 million. It carries $10 million i

n accounts receivable, $25 million in inventory, has $55 million in total debt, and 5 million shares of common stock outstanding. Based on this information, the company's return on equity (ROE) is
Business
1 answer:
sasho [114]3 years ago
4 0

Answer:

18.29%

Explanation:

Return on Equity is the net profit available for equity/ Total equity value.

Total equity = Total assets - Total debt

= $90 million - $55 million = $35 million

Earnings for equity = Annual sales \times net profit margin 4%

= $160 million \times 4% = 6.4 million

Therefore, return on equity = \frac{Net\ profit\ for\ equity}{Total\ value\ of\ equity}

= \frac{6.4\ million}{35\ million} \times 100 = 18.2857

Therefore, ROE = 18.29%

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6 0
1 year ago
The following events took place at a manufacturing company for the current year: (1) Purchased $96,300 in direct materials. (2)
andrezito [222]

Answer:

$90,139.00

Explanation:

ending Work in process inventory = Beginning WIP + Direct Materials + Direct labor + Material Overhead - Cost of goods manufactured

Beginning Work In Progress = 0

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                           = $77,040

Direct labor = $57,300

Material Overhead = indirect labor + other manufacturing head

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3 0
3 years ago
Convert 32.7 kilograms to centigrams DUE IN 10 MIN
ryzh [129]

Answer:

A IS THE ANSWER

Explanation:

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8 0
2 years ago
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4 0
1 year ago
If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nu
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Answer:

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