Answer:
The question is either incomplete or not possible to calculate as information is inadequate
Explanation:
Answer:
Apollo's return on equity is 38.17%
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = Net income ÷ total equity
where,
Net income = $50,000
And, the total equity is
= Common stock + retained earnings
= $10,000 + $121,000
= $131,000
Now put these values to the above formula
So, the value would equal to
= $50,000 ÷ $131,000
= 38.17%
Answer:
The company's accounts receivable turnover was closest to 10.83 times
Explanation:
The accounts receivable turnover is an efficiency ratio that measures how many times a company can collect its receivables or money owed by clients during the year.
Accounts receivable turnover is calculated by following formula:
Accounts Receivable Turnover = Net Credit Sales
/Average Accounts Receivable
In there:
Average Accounts Receivable = (The beginning accounts receivable of the period balance + The ending accounts receivable of the period balance)/2
In Fraser Company:
Average Accounts Receivable = ($10,000 + $14,000)/2 = $12,000
Accounts Receivable Turnover = $130,000/$12,000 = 10.83 times
Answer:
THere will be a negative loss for (7,000) dollars
Explanation:
The net income will be the result of doing revenues less expenses
The cash dividends are not considered for the calcualtions. they impact retained earnings not the income of the current period.
revenues 153,000
expenses <u> (160,000) </u>
<em>loss (7,000)</em>
