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Elenna [48]
3 years ago
15

The 2011 balance sheet of The Washington Post Company shows average shareholders’ equity of $2,726,277, net income of $117,157,

and average assets of $2,414,864. The company’s return on equity (ROE) for the year is:
Business
1 answer:
alexandr402 [8]3 years ago
7 0

Answer:

The answer is 4.3 percent.

Explanation:

The return on equity is one of the profitability metrics. It evaluates how investors' money is being used efficiently.

The formula is net income ÷ average shareholders’ equity.

Net income is $117,157

Average shareholders’ equity is

$2,726,277.

So we have;

($117,157 ÷ $2,726,277) x 100

4.3 percent.

This means for everydollar of shareholders' equity, Washington Post Company realized 4.3 percents in profit.

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Answer:

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Explanation:

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Consider the following three decisions that an organization could be faced with:
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3 0
3 years ago
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nikklg [1K]

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4 0
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The Cash account of Safe and Secure Security Systems reported a balance of $2,490 at May 31, 2011. There were outstanding checks
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Book Balance :             $2,490                        Bank Balance:           $3,360
Add:                                                              Add:
Ryan Saar payment          680                         Deposits in Transit          300   
Interest Revenue                 10     
Less:                                                            Less:
Service Charge                ($20)                       Outstanding Checks       (500)
                             ===========                                              ==========
Cash Balance              $3,160                        Bank Balance            $3,160

*The payment made by Ryan Saar was directly deposited to the bank; therefor, it is not yet recorded in the company books. The same with the Interest Revenue Earned and Service Charge Fees.

*The Deposits in Transit and Outstanding Checks are not yet recorded in the bank because the deposits are still in transit while the outstanding checks are not yet cashed; however, these items were already recorded in the company books.
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