1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
2 years ago
9

The following income statement and balance sheets for Virtual Gaming Systems are provided.

Business
1 answer:
Naddika [18.5K]2 years ago
7 0

Answer:

gross profit ratio = gross profit / net sales = $1,126,000 / $3,086,000 = 36.49%

return on assets = net income / total assets = $139,000 / $946,000 = 14.69%

profit margin = net income / net sales = $139,000 / $3,086,000 = 4.5%

asset turnover = net sales / average total assets = $3,086,000 / [($946,000 + $794,200) / 2] = 3.55 times

return on equity = net income / shareholders' equity = $139,000 / $547,000 = 25.41%

price earnings ratio = current sock price / earnings per share = $28.30 / $1.40 = 20.21 times

You might be interested in
Which of the following is applicable during a hostile act:
BaLLatris [955]
<span>In case there is a hostile act, you should remain calm and follow the instructions of emergency officials. This is for your safety and those officials will be planning on how to save you. You do not need to panic in situations like this because it can lead you to wrong decisions that can be a danger to others.</span>
8 0
3 years ago
Read 2 more answers
Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own word
Darya [45]

The syllogism used is conditional, that is, it occurs through deductive reasoning, because if the minor premise is true, the minor premise will also be true.

<h3 /><h3>What is Conditional syllogism?</h3>

It is a type of syllogism widely used in everyday life, but the conclusion is not always true, because despite having two true premises, the conclusion can be false, because the argumentation is not always valid, as it does not directly represent the premises.

Therefore, despite being syllogisms that follow the pattern of "If" and "then" to express a logic, the conclusion will not always be true, as this type of syllogism can also be hypothetical.

Find out more about syllogism here:

brainly.com/question/361872

7 0
2 years ago
Knowledge Check 01 On March 1, a designer received a check for $7,500 from a customer for services to be provided after the cust
Yakvenalex [24]

Answer:

              The Designer Journal Entry

Date         General Journal                 Debit            Credit

July 31      Unearned Revenue            $7,500  

                Design Services Revenue                     $7,500

4 0
3 years ago
Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inve
Aleonysh [2.5K]

Answer:

Option B- $63510 is the correct option.

Explanation:

Remember that:

Net Working Capital = Current Assets - Current Liabilities

Current assets includes receivables, cash and inventory, and current liabilities include accounts payable, short term notes payable and accrued taxes.

Putting value of current assets and current liabilities, we have:

Net Working Capital = ($47,199+$63,781+$21,461) - ($51,369+$11,417+$6145)

Net Working Capital = $132,441 - $68931 = $63,510

So the option B is the correct option.

7 0
3 years ago
Altogether the national, state, and local governments of the United States spend about a __________ of our gross domestic produc
stealth61 [152]

Answer:

According to the OECD the total expenditure of the US government, including state and local is about a 38% of the GDP.

Explanation:

The federal government expends almost the 55% of the total and the remaining 45% the state and local government.

5 0
3 years ago
Other questions:
  • You have won the lottery. You will receive $5,500,000 today, and then receive 40 payments of $1,900,000. These payments will sta
    11·1 answer
  • As suggested by president john. f. kennedy, the consumers’ right to be _____ states that consumers should be assured that the go
    6·1 answer
  • Econo Nation started 2013 with no national budget debt or surplus. By the end of 2013, it had a budget surplus of $286 million;
    10·1 answer
  • Sarah purchased a stock one year ago at a price of $32 a share. In the past year, she has received four quarterly dividends of $
    14·1 answer
  • In the late nineteenth century, many businessmen argued that the United States should be prepared to compete with nations throug
    8·1 answer
  • Consolidation accounting:______
    8·1 answer
  • What are the objectives of HRM?
    11·1 answer
  • Culver Company is involved in four separate industries. The following information is available for each of the four industries.
    8·1 answer
  • Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). When
    13·1 answer
  • Boeing’s strategy to become the largest airplane maker in the world included acquiring competitors such as mcdonnell douglas. Th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!