1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jet001 [13]
3 years ago
15

DTO, Inc., has sales of $24 million, total assets of $21.1 million, and total debt of $8.2 million. Assume the profit margin is

10 percent. a. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Scrat [10]3 years ago
4 0

Answer:

a. Net income = Sales * profit margin

= $24 million * 10%/100

= $2.4 million

b.  ROA = Profit / Total Assets

= $2.4 million / $21.1 million

= 0.11374

= 11.374%

c.  ROE = Profit / (Total Assets - Debt)

= $2.4million / ($21.1million - $8.2million)

= $2.4million / $12.9 million

= 0.186

= 18.6%

You might be interested in
A _____ is the return on an asset that results when its market price rises above the price an investor paid for it.
erastovalidia [21]

A capital gain is the return on an asset that results when its market price rises above the price an investor paid for it.  A capital gain is the profit that someone receives from the sale of a property or an investment. If you invest in an item and then sell it for more than what you paid for it originally, then you have a capital gain because you profited off the item.

8 0
2 years ago
Read 2 more answers
28-In​ 2008, in order to encourage people to spend more money and stimulate the​ economy, Congress passed the American Reinvestm
pishuonlain [190]

Answer: D Fiscal Policies

Fiscal policies refer the adjustments made by the government to tax policies and government spending in order influence the level of economic activity in a country.

The main aim of a fiscal policy is to stabilize the economy while trying to avoid the impact of excessive growth and recessions.

In the question, the government passed a bill that authorized spending on infrastructure, healthcare etc. This was done in order to increase employment and ultimately increase aggregate demand. Hence this is a fiscal policy.

8 0
3 years ago
Define internal customers​
iren2701 [21]
Internal customers have a relationship with, and within, your company, either through employment or as partners who deliver your product or service to the end user, the external customer
4 0
3 years ago
An _______ is an activity to get you thinking about your project including your role, the challenge and objectives. Question 4 o
butalik [34]

Answer:

obstacle course

Explanation:

An obstacle course helps your mind to focus on your project or activities and gets your thought process going.

5 0
3 years ago
Mandy, an Adlerian group leader is helping group members to realize they have choices in their lives about which stimuli they pa
choli [55]

Answer:

Push button

Explanation:

Organisms respond to stimuli in order to survive in their given environment. It is the ability to adjust to different environmental factors that are beneficial or detrimental.

For example a worm reflexively crawls towards moisture or a dog salivating when it perceives food.

Push button shows a person that they have choices in their lives about which stimuli they pay attention to and remember.

4 0
2 years ago
Other questions:
  • Comfy Mattresses, Inc., is opening a new plant in Orlando, Florida. Ron Lane, distribution manager, has been asked to find the l
    9·1 answer
  • Golda Rush quit her job as a buyer for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,
    11·1 answer
  • Soon after becoming the new manager of operations at the Cooper Motors, a local car dealership, Finn discovers that employees ar
    15·1 answer
  • FAW Group is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launc
    5·1 answer
  • A1 Co. has a process costing system. All materials are added when the process is first begun. At the beginning of May, there wer
    8·1 answer
  • URGENT!!!
    8·1 answer
  • The current Social Security tax rate is BLANK
    14·1 answer
  • Q 14.6: Morris Enterprises has 5,000 shares of 5.5%, $100 par value cumulative preferred stock and 100,000 shares of $10 par val
    9·1 answer
  • How would an economy with low unemployment be affected by an increase in individual households incomes?
    11·1 answer
  • A ________ is considered a planned activity to achieve a specific business objective.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!