Answer:
The answers are given below.
Step-by-step explanation:
The computation is shown below:
1.a.
Profit Margin = Net Income ÷ Sales × 100
= $374 ÷ $6,900 ×100
= 5.4%
1-b:
Average Assets = (Beginning Assets + Ending Assets) ÷ 2
= ($3,200 + $3,600) ÷ 2
= $3,400
Now
Return on Assets = Net Income ÷ Average Assets
= $374 ÷ $3,400
= 11%
1-c
Average Equity = ($700 + $700 + $320 + $270) ÷ 2
= $995
Now
Return on Equity = Net Income ÷ Average Equity *100
= $374 ÷ $995
= 37.59%
2:
Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings
= $270 + $374 - $320
= $324
Answer:
B.
Step-by-step explanation:
Answer: 1 3/4
Step-by-step explanation: First, convert 4 1/2 and 2 3/4 to have like denominators.
4 1/2 = 4 2/4 because 1 x 2 = 2 and 2 x 2 = 4 = 2/4
2 3/4 stays the same.
Now, subtract 4 2/4 - 2 3/4 (4 x 4 = 16 + 2 = 18) and (2 x 4 = 8 + 3 = 11)
18/4 - 11/4 = 7/4 or 1 3/4
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The best and most correct answer among the choices provided by the question is <span>C. x over 520 = 5 over 13</span>.<span>
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Hope my answer would be a great help for you.</span>
