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MAXImum [283]
3 years ago
6

The return on shareholders' equity for... Income statement: 2018 Sales $ 2,500,000 Cost of goods sold 1,300,000 Net income 200,0

00 Balance sheets: 2018 2017 Accounts receivable $ 300,000 $ 200,000 Total assets 2,000,000 1,800,000 Total shareholders' equity 900,000 700,000 The return on shareholders' equity for 2018 is:______
Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

The return on shareholders' equity for 2018 is  22.2%

Explanation:

Return on Equity measures the Return earned by the owners investments in the company.

Return on Equity =  Net Income / Total Shareholders Funds × 100

                            =  200,000 / 900,000 ×100

                            =  22.2%

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What is the difference between a shortage and a scarcity?
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One definition of ____ is borrowing money to make a large purchase with the
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About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but
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About the Lagrangian method,

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Explanation:

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8 0
2 years ago
Blake Company has $15,000 cash at the beginning of June and anticipates $50,000 in cash receipts and $34, 500 in cash disburseme
rodikova [14]

Answer:

balance of the loan  = $4500

correct option is d. $4, 500

Explanation:

given data

cash at the beginning = $15,000

cash receipts = $50,000

cash disbursements = $34, 500

minimum cash balance = $10,000

maintains = $20,000

company owes = $15,000

to find out

balance of the loan

solution

we get here first excess that is

excess = $15,000 + $50,000 - $34, 500

excess = $30500

so used to loan replay will be here as

used to loan replay  = $30500 - $20,000

used to loan replay  = $10500

so balance of loan will be here

balance of the loan  = $15,000 - $10500

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3 years ago
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