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
Montano1993 [528]
3 years ago
8

Some recent financial statements for Smolira Golf Corp. follow:

Business
1 answer:
nalin [4]3 years ago
4 0

Answer:

1. The company's profit margin is 13.4% percent.

profit margin = net income / net sales = $45,064 / $336,329 = 13.4%

2. The total asset turnover is 0.82 times.

asset turnover ratio = net sales / average assets = $336,329 / [($387,891 + $432,000)/2] = $336,329 / $409,945.50 = 0.82

3. The equity multiplier is 1.7 times.

equity multiplier = average total assets / average total equity = $409,945.50 / [($205,936 + $275,000)/2] = $409,945.50 / $240,468 = 1.70

4. Using the Du Pont Identity, the company's ROE is 18.68% percent.

ROE = profit margin x asset turnover x equity multiplier (or financial leverage) = 0.134 x 0.82 x 1.7 = 0.1868 = 18.68%

You might be interested in
Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y
ale4655 [162]

Answer:

II. The Federal Government spends more than it collects in taxes in a given year.

Explanation:

A federal budget deficit is when government spending exceeds income from taxes.

I hope my answer helps you

7 0
2 years ago
What can we learn from the employment data? Assume Country X has the following statistics: Total relevant population = 50,000,00
svlad2 [7]

Answer:

Country x

Population size 50,000,000

Full time students 4,200,000

Not employed & not searching 6,000,000

Not employed and searching 2,336,000

Employed 29,664,000

Labour force is defined as the population of the economy currently engaged in some employment and those jobless but available or searching for employment

Labour force is 32,000,000

Labor force participation rate is the labor force divided by the population size.

= 64%

Unemployment rate is defined as members of a country not employed and are searching or seeking employment.

= 4.7%

3 0
2 years ago
a mature manufacturing firm. The company just paid a dividend of $8.65, but management expects to reduce the payout by 5 percent
-BARSIC- [3]

Answer:

$48.34%

Explanation:

Data provided in the question

Growth rate = 5%

Required return = 12%

Dividend = $8.65

Based on the above information,

The computation of the current price is shown below:-

Current Price = Dividend × (1 + Growth Rate) ÷ (Required Return - Growth Rate)

= $8.65 × (1 + (-5%)) ÷ (12% - (-5%))

= $48.34%

Therefore for computing the current price we simply applied the above formula.

4 0
3 years ago
From the point of view of economics, information systems technology can be viewed as a factor of production that can be substitu
Anna71 [15]

Answer: True

It can be replaced by traditional systems, however, it is not the most appropriate, because information systems help us organize information about a company so that it can be good for reading, analyzing and making decisions, if it does not comply with these principles then we can say that the company is becoming a bit more inefficient.

Traditional systems work, however, in terms of information systems, we can also have the decrease in information errors, so it is important that they be as automated as possible.

3 0
2 years ago
Brainliest Answer!! What Type of competitive situation is this?
Ann [662]

A. Pure competition

Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.

Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.

5 0
3 years ago
Other questions:
  • Suppose your statistics instructor gave six examinations during the semester. You received the following exam scores (percent co
    11·1 answer
  • Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos
    8·1 answer
  • Beacon Industries disclosed the following minimum rental commitments under non-cancelable operating leases in its 2017 annual re
    9·1 answer
  • Which of the following would cause the supply of pesos to decrease, ceteris paribus? Ford opens automobile assembly plant in Mex
    9·1 answer
  • Which of the following statements is TRUE about payday loans? A. They are harder to pay back because of high fees and B. They ar
    7·2 answers
  • EB8.
    15·1 answer
  • Martina, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (Machining a
    15·1 answer
  • You write one JNJ February 70 put for a premium of $5. Ignoring transactions costs, what is the break-even price of this positio
    11·1 answer
  • Although Scott, an African American, was more qualified than Bernardo, a Hispanic American, Bernardo was hired instead of Scott
    8·1 answer
  • Indicate how the following transactions affect the accounting equation.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!