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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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son4ous [18]
D. a consumer must give up some of one good in order to get more of the other.
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3 years ago
Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transfe
LiRa [457]

The various costs for Solomon Ski Company during the recent accounting period are determined as follows:

1. Cost per equivalent unit is <u>$65.</u>

2. Cost of finished goods transferred out from the finishing department is <u>$269,750</u>.

3. Cost of the ending WIP inventory is <u>$15,600</u>.

<h3>What is the cost per equivalent unit?</h3>

The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.

The equivalent units of production depend on the degree or percentage of completion for the various cost classes.

<h3>Data and Calculations:</h3>

Transfer to finished goods = 4,150

Ending inventory = 480

Degree of completion of the ending inventory = 50%

Total equivalent units = 4,390 (4,150 + 480 x 50%)

Total production costs = $285,350

Cost per equivalent unit = $65 ($285,350/4,390)

Cost of finished goods = $269,750 ($65 x 4,150)

Cost of the ending WIP = $15,600 ($65 x 240)

Thus, equivalent units refer to the degree of work completed per unit.

Learn more about equivalent units of production at brainly.com/question/16259709

#SPJ1

7 0
1 year ago
Four years ago, Ship Express purchased a mailing machine at a cost of $218,000. This equipment is currently valued at $97,400 on
deff fn [24]

Answer:

equity = 45,800

Explanation:

working capital:  current assets - current liaiblities = 41,300

net book value of long term assets: 97,400

long term debt 102,800

we will work with the accounting formula to solve for equity:

assets = liaibltiies + equity

we divide assets and liabilities in current and non-current:

current assets + long term assets = current liabilities + long-term debt + equity

we rearrenge the formula in order to sovle for equity:

(currnet asets - current liabilities) + long term assets - long-term debt  = equity

41,300 + 97,400 - 92,900 = equity

equity = 45,800

3 0
3 years ago
Read 2 more answers
Use the following data to determine the total amount of working capital.
ValentinkaMS [17]

Answer:

Sheffield Corp.

The amount of working capital

= Current Assets minus Current Liabilities

= $596,300 - $229,000

= $367,300

Explanation:

a) Data and Calculations:

Cash                            $200,000

Accounts receivable      154,000

Inventory                        152,000

Prepaid insurance           90,300

Total current assets                                         $596,300

Stock investments (long-term)        266,000

Land                                                  299,000

Buildings                     $305,000

Less: Accumulated

depreciation                  (55000)    250,000

Goodwill                                            216,000 $1,031,000

Total assets                                                    $1,627,300

Accounts payable             $202,000

Salaries and wages payable <u>27,000 </u>

Current Liabilities             $229,000

Mortgage payable              236,000

Total liabilities                                                 $465,000

Common stock                      $420,300

Retained earnings                   742,000

Total stockholders' equity                            $1,162,300

Total liabilities and stockholders' equity    $1,627,300

The difference between Sheffield Corporation's current assets and the current liabilities is known as the working capital.  It is the excess between these two parameters.

4 0
3 years ago
Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term
liq [111]

Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

3 0
3 years ago
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