<span>Someone with a 2-year (Associate's) degree</span>
Answer:
B. 12%
Explanation:
Revenue in 2016 = $ 90 million
Revenue in 2017 = $ 100.8 million
Growth during 2016-17 = 100.8 million - 90 million
= $ 10.8 million
Same growth should persist for 2017 -18 which implies the gowth rate forecasted is same as growth rate during 2016-17.
Forecasted growth rate from 2017 to 18
= Growth rate during 2016-17
= (100.8 - 90)/90)
= 0.12
Therefore, we would forecast a revenue growth rate of 12%.
Answer:
$2.56 per share
Explanation:
The formula to compute the diluted earning per share is shown below:
= (Net income reported - preferred stock dividend) ÷ (Outstanding number of shares + additional shares issued)
= ($3,400,000 - $200,000) ÷ (1,200,000 + 50,000)
= ($3,200,000) ÷ (1,200,000 shares)
= $2.56 per share
We simply divided the net income after deducting the preferred stock dividend and then divided it by the total number of shares
Answer:
A) $9,940
B) 2.43 %
Explanation:
A Treasury bill is a government debt security which has maturity of less than one year. It is issued on short term basis. These debt securities do not pay regular interest payments to its investors, Treasury bills has no coupon interest. These bills are sold at a discount to their redemption price. So, a Treasury bill with a face value of $10,000 quoted at a discount of 0.6 will be sold for $9,940 (100-0.6)%.
Its yield is calculated in the following way
Annual Rate (yield) = 0.6/90 * 365
= 2.43 %
Answer:
23.8%
Explanation:
Gates appliances has a return-on-assets(investment) of 19%
The debt-to-total-assets ratio is 20%
Therefore, the return on equity can be calculated as follows
Return on equity= Return on assets(investment)/(1-debt/asset)
= 19/(1-20/100)
= 19/(1-0.2)
= 19/0.8
= 23.8%
Hence the return on equity is 23.8%