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
RSB [31]
4 years ago
8

Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total debt of $382,000. What is the

return on equity
Business
1 answer:
grin007 [14]4 years ago
6 0

Answer:

13.42%

Explanation:

Here is an solution to the question below.

Debt equity ratio = 0.54

Sales = $728700

Net income = $94900

Total debt = $382000

Total equity ratio = net income / (total debt/ debt equity ratio)

total debt/ debt equity ratio = 382000/0.54 = 707,407.4

Total equity ratio = 94900/707,407.4

= 0.1342 x 100

= 13.42%

This is the return on equity.

You might be interested in
What caused the U.S. Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter
arlik [135]

Answer: The correct answer is "B. High-profile corporate scandals".

Explanation: High-profile corporate scandals caused the U.S Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter rules on corporate governance in recent years.

7 0
3 years ago
A. what is the gdp per capita of longhornland in u.s. dollars? (express your answer rounded to one decimal place.)
Luden [163]

Per capita GDP<span> is a measure of the total income  of a country GDP (gross domestic product) divided by the number of people in the country.</span>

Longhornland is an imaginary country but given the following data:

GDP (2429 millions US Dollars)

Population (129 millions people)

<span>GDP per capita = 18.8 millions US Dollars</span>

5 0
3 years ago
Which point in the business cycle has the greatest economic activity?
Lerok [7]
National Bureau of Economic Research<span> (</span><span>NBER</span>
7 0
3 years ago
Although several different measures of profitability exist, many authorities in the measurement of profitability argue that ____
laila [671]
I believe the answer is: <span> return on invested capital (ROIC)
</span><span> return on invested capital (ROIC) Represents the amount of return that the company made from their overall invested capital (both from main and side operations). It's calculated by multiplying  Net operational margin with capital turnover
</span>
3 0
3 years ago
In the perceptual process, what is the process of attaching meaning to new knowledge.
Natali5045456 [20]
In the perceptual process, interpretation is the process of attaching meaning to new knowledge

6 0
4 years ago
Other questions:
  • A _____ is usually not necessary to the Scrum method, because Scrum implies that team members work as a self-directed group. vel
    15·1 answer
  • Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and r
    14·1 answer
  • The Balance Sheets at the end of each of the first two years of operations indicate the following: 2006 2005 Total current asset
    10·1 answer
  • Stanley hart invested in a municipal bond that promised an annual yield of 6.7 percent. the bond pays coupons twice a year. what
    10·1 answer
  • Moving from television broadcast into e-commerce has allowed HSN to achieve _______ excellence.
    14·1 answer
  • Project risk events tend to be unlikely __________ a project, but that's also when they tend to be the __________. early in; mos
    7·1 answer
  • Which statement best describes a command economy?
    5·2 answers
  • The Morgan Company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr
    13·1 answer
  • 8.3 lbs $19.15 per pound Standard quantity per unit of output Standard price The following data pertain to operations concerning
    15·1 answer
  • G To what extent do managers need to have experience in accounting and with financial statements?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!