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
luda_lava [24]
2 years ago
9

Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers

are in millions): 2021 2020Accounts receivable (net) $22 $33 Net sales $132 $117 Cost of goods sold $77 $72 Net income $22 $34 Inventory turnover 6.05 Return on assets 12.3 % Equity multiplier 2.53 Dowling's return on equity for 2021 is: (Round your answer to 1 decimal places.)Multiple Choicea) 7.7%.b) 16.7%.c) 31.1%.d) 24.1%.
Business
1 answer:
yanalaym [24]2 years ago
7 0

Answer:

The answer is "12.7"

Explanation:

In the question the correct choice is missing so, its correct solution can be defined as follows:

Following are the formula for calculating the "Average Inventory":

Formula:

\therefore \text{Inventory Turnover} =  \frac{ \text{Cost of Goods Sold}} { \text{Average Inventory}}\\\\\\\because  \text{Average Inventory} = \frac{ \text{Cost of Goods Sold}} {\text{Inventory Turnover}}

                                 =\frac{\$ \ 77}{ 6.05}\\\\=12.7\\

You might be interested in
Sporting goods charges .85 percent interest per month. what rate of interest are its credit customers actually paying?
seraphim [82]
To answer this item, we assume that the interest rate is simple, such that the yearly rate was only divided by 12 months in order to determine the rate per month. Hence, to answer this item, we simply have to multiply the given percent by 12.

                          rate of interest/year = (12)(0.85%) = 10.2%

Therefore, the answer is 10.2%. 
8 0
3 years ago
Consider the following data to answer the following questions: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000
polet [3.4K]

Answer: 4 times

Explanation:

GDP per capita is a way of measuring the wealth Distribution in a country. It is calculated by dividing the Gross Domestic Product by the population of the country. The aim usually is to see if the Country's economy is big enough considering the amount of people it has.

Country C has a GDP per capita of,

= 10,000/500

= $20

Country D has a GDP per capita of,

= 10,000/2,000

= $5

= 20/5

= 4

Country C has a GDP per capita that is 4 times that of C.

4 0
3 years ago
Digital Enterprise, Inc., promises to pay its employees a year-end bonus "if profits continue to be high and management agrees a
barxatty [35]

Answer:

D) An illusory promise

Explanation:

An illusory promise is not enforceable. Illusory promises are simply illusions that seem or appear to a contract, but are not.

In this case, there is no consideration at all, therefore none of the parties is bound by a contract. It would be different if the company promised to pay a bonus if its profits are xx%. How can someone determine what is considered high profits, and how can you be sure that management will agree?

It is basically like telling someone else that you will give them something if you are happy and willing to do it. How can someone determine if you are happy or not, and how can someone know if you are willing to do it or not?

6 0
2 years ago
Q2. Management is equally important to run a political organisation as it is to run an
Alex787 [66]

Answer:

Q2. B

Because a management is basically Base of separation of powers where all organs get work to do

Q3. A

Q4. B

8 0
3 years ago
What is the diffrence between actual and proposed selling price
Orlov [11]

Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.

4 0
3 years ago
Other questions:
  • How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?
    11·1 answer
  • What is trade? It's for Personal Finance.
    14·1 answer
  • If the investment demand curve is vertical, a decrease in the interest rate will __________ investment, and therefore aggregate
    8·1 answer
  • Suppose that in the fictional country of Albireo the work-eligible population is 180 million, there are 110 million workers in t
    12·1 answer
  • ​venus diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. this h
    13·1 answer
  • Receivers of bad news are less disappointed if they know the reason for the rejection, feel the news was revealed sensitively, a
    13·1 answer
  • Charles Edgar Duryea and his brother are credited with creating which of the following products?
    9·2 answers
  • 2. Roth retirement funds require you to pay taxes on your investment dollars up-front, while
    10·1 answer
  • Issued a cheque of rs. 39000 to Saurya stores in full settlement. <br>journal entry​
    10·1 answer
  • Accounting transactions are very important to a firm's operations. Which activity would affect the firm's account balances
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!