Answer:
b. Return on Assets is 16.63%
Explanation:
The return on assets is a profitability measure that shows the effectiveness of management in utilizing the company's assets to generate income.
The return on assets is calculated using the following formula,
Return on Assets = Net Inocme / Average Total Assets
Here,
Net Income = $104940
Average Total Assets = $631051
So,
Return on Assets = 104940 / 631051
Return on Assets = 0.16629 or 16.629% rounded off to 16.63%
Answer:
Net income = $3,560
Explanation:
Romney's Marketing Company
Multi-step income statement
For the Year ended December 31 20YY
Sales revenues 37,250
Less: Cost of goods sold = 0
Gross profit = 37,250
Less: Operating expense:
Wages expense = $19,000
Depreciation expense = $1,750
Utilities expense = $320
Insurance expense = $780
Rent expense = $9,800
Total operating expense = ($31,650)
Add: operating income:
Rent revenue = $560
Total operating income = $6,160
Other operating income
Interest revenue = 160
Net income before taxes = $6,320
Income tax expense = $2,760
Net income = $3,560
Answer:
c. $ 760,000
Explanation:
For computing the cost of goods manufactured, we have to use the formula which is shown below:
Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process
= $125,000 + $835,000 - $200,000
= $760,000
Beginning work in process + manufacturing cost is called total work in process for a given period
Answer:
after-tax rate of return from this investment = 6.48 %
Explanation:
given data
invested = $250,000
interest 1 = 7%
interest 2 = 9%
marginal tax rate = 24%
to find out
after-tax rate of return from this investment
solution
we know that after-tax rate of return from this investment will be here
after-tax rate of return from this investment = [ ( 1 - marginal tax rate ) × ( investment × interest 2) ] ÷ investment ...........................1
put here value we get
after-tax rate of return from this investment = [ ( 1 - 0.28 ) × ( $25000×0.09)] ÷$25000
so
after-tax rate of return from this investment = 0.0648
so
after-tax rate of return from this investment = 6.48 %
Answer:
D
Explanation:
thia will help her build credit