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tiny-mole [99]
3 years ago
11

Kyzera manufactures, markets, and sells cellular telephones. The average total assets for Kyzera is $250,000. In its most recent

year, Kyzera reported net income of $65,000 on revenues of $475,000.Required:
1. What is Kyzera’s return on assets?
2. Does return on assets seem satisfactory for Kyzera given that its competitors average a 12% return on assets?
3. What are total expenses for Kyzera in its most recent year?
4. What is the average total amount of liabilities plus equity for Kyzera?
The average total assets for kyzera is 250
Business
1 answer:
Alchen [17]3 years ago
6 0

Answer:

1. Kyzera’s return on assets

Return on asset = (Net income / Average total asset)*100

Return on asset = (65,000 / 250,000)*100 = 26%

2.

26% return on assets seems satisfactory for Kyzera as compared to competitor's average return on asset 12% return on assets. It's about 117% higher than the competitor.

3. Total expenses for Kyzera in its most recent year

Expenses = Revenue - Net Income

Expenses = 475,000 - 65,000

Expenses = 410,000

4. Average total amount of liabilities plus equity for Kyzera

As we Know:

Average total Assets = Average total amount of liabilities plus equity

Average total amount of liabilities plus equity = $250,000

Explanation:

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