<span>Return on equity = 11.28 percent = 11.28/100 = 0.1128
debt-equity ratio =1.03
total asset turnover = 0.87
return on assets = ?
we can find return on assets by using the formula
= return on equity / (1 + debt equity ratio)
= 0.1128 / (1 + 1.03)
= 0.1128 / 2.03
= 0.0556 = 0.0556 x 100 = 5.56%
So, the return on assets is 5.56%</span>
Can’t see it, it’s really blurry!
Answer:
The correct answer is letter "B": thirty days.
Explanation:
Anticipatory Breach or Repudiation is the notification one party in a contract lets the other party know that the obligations stipulated in the initial agreement will not be met.
According to the rules if the Uniform Commercial Code (UCC), if one of the parties has good enough reasons to believe that the other party is not going to fulfill its obligations in a contract, that party can request an "<em>adequate assurance of performance</em>". If the request is not answered after 30 days, the requesting party can assume the counterparty has repudiated the contract, thus, the requesting party can look for another provider to make a new agreement.
Answer:
$440 per unit
Explanation:
Units balance after July 12 sales = 100 - 70 = 30
Total units after July 23 = 30 + 120 = 150
Total cost of units balance after July 12 sales = $400 × 30 = $12,000
Total cost of July 23 purchases = 120 × $450 = $54,000
Total cost of inventories after July 23 = $12,000 + $54,000 = $66,000
Weighted average unit cost after the July 23 purchase = $66,000 ÷ 160 = $440 per unit