Вопрос 3 Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity fir
1 answer:
Return on asset is 18.46 percent
Explanation:
Given information's are
Return on equity of Google inc., = 12.00% ( google inc does not change it's capital structure so return remains at 12%)
debt-to-equity ratio = 30.00 percent
Percentage return on assets of Google, Inc
Return on asset = Net income ÷ average total assets
debt-to-equity ratio = Total liabilities ÷ stake holder's equity
here no amount is given for any account let us make an assumption as follows.,debt-to-equity ratio = 30.00 percent
The stack holder's equity is $100 ( 30 ÷ 100 = 0.30 or 30 percent)
Total Assets considers both Equity and Debt
so the Average assets = (debt + equity)÷ 2
Average assets = ($30 + $100 ) ÷ 2 = $65
Net income is the return attributed to the equity holders here.,
$100 be the share holders equity get from debt-equity ratio
Return on equity = 0.12 = Net income ÷ share holders fund
Net income = 12 percent = $100 × 12÷100 = $12
Return on asset = Net income ÷ average total assets
Return on asset = 12÷ 65 = 0.1846 or 18.46 percent
You might be interested in
Answer:
First find the present value of the lease. Payments are constant and fixed so this is an annuity. As it is to be paid from the beginning, it is an Annuity due.
= Annuity * Present value interest factor of annuity due, 5 years, 7%.
= 37,400 * 4.3872
= $164,081
Date Account Details Debit Credit
Dec. 31, 2019 Lease Receivable $164,081
Cost of goods sold $104,800
Sales $164,081
Inventory $104,800
Date Account Details Debit Credit
Dec. 31, 2019 Cash $37,400
Lease Receivable $37,400
