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
Genrish500 [490]
3 years ago
7

For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, it

s net income before taxes was $42,714, and its net income was $29,900. The company's total stockholders' equity at the end of Year 2 amounted to $829,000 and at the end of Year 1 to $800,000. The company's return on equity for Year 2 is closest to:
a. 3.67%
b. 60.16%
c. 5.24%
d. 7.82%
Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

Return on equity = Net income/Shareholders' equity x 100

                            = $29,600/$829,000 x 100

                            = 3.57%

The company's return on equity is closest to 3.67%

Explanation:

Return on equity is the ratio of net income to shareholders' equity. The net income = $29,600 and shareholders' equity = $829,000. The division of net income by shareholders' equity gives return on equity.

You might be interested in
Specific data such as age, income , family size , and accupation used for marketing purposes, is called
maks197457 [2]

it is called market research


5 0
3 years ago
Read 2 more answers
If you were analyzing the consumer goods industry, for which kind of company in the industry would the constant growth model wor
dezoksy [38]
The constant growth model will work best on companies that are categorized as mature and that they have a relatively predictable earnings because having this type of company will allow the constant growth model to work best by which the growth model will be in a constant shape and does not tend to change.
3 0
3 years ago
Do y’all know any best clothing shop to buy?
Lorico [155]

Answer:

H and M, Gap, Gucci, Marshalls, Forever 21

Or Walmart

Explanation:

:)

4 0
2 years ago
Page(s) 39-41 2.3. What are the benefits of specialization and trade? In one month, Mikhail’s Furnishings can make 160 carpets o
Amanda [17]

Answer:

Mikhail's gains 10 carpets and 10 quilts from the trade. Dominique's also gains 10 carpets and 10 quilts from the trade.

Step-by-step Explanation:

Step 1: Capacity

Mikhail's can make 160 carpets or 160 quilts per month.

Dominique's can make 120 carpets or 200 quilts per month.

Step 2: Before Trade

Mikhail's makes 80 carpets and 80 quilts per month.

Dominique's makes 60 carpets and 100 quilts per month.

Step 3: After Trade:

Mikhail's makes 160 carpets per month.

Dominique's makes 200 quilts per month.

Trade = 70 carpets for 90 quilts.

Mikhail's now has 160 - 70 = 90 carpets and 90 quilts.

Dominique's now has 70 carpets and 200 - 90 = 110 quilts

Step 4: Gains from Trade:

Mikhail's gains 90 - 80 = 10 carpets and 90 - 80 = 10 quilts from trade.

Dominique's gains 70 - 60 = 10 carpets and 110 - 100 = 10 quilts from trade.

8 0
3 years ago
Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash
mafiozo [28]

Answer:

c. 2.50 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $500

In year 1 = $150

In year 2 = $200

In year 3 = $300

If we sum the first 2 year cash inflows than it would be $350

Now we deduct the $350 from the $500 , so the amount would be $150 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $300

So, the payback period equal to

= 2 years + ($150 ÷ $300)

= 2.50 years

In 2.50 yeas, the invested amount is recovered.

4 0
3 years ago
Other questions:
  • Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10, n/30 FOB San Diego. J
    9·1 answer
  • 4. True, False or Uncertain. For each of the following statements determine if the statement is TRUE, FALSE, or UNCERTAIN. You m
    14·1 answer
  • Marketing is considered both an art and a science. how do the 4ps, or marketing mix, help us bridge the gap between art and scie
    13·1 answer
  • Selected information from Curl Salon’s accounting records and financial statements for 2018 is as follows ($ in millions): Cash
    15·1 answer
  • Strategic leadership:
    5·1 answer
  • Audrey travels for business three to four days a week and is not always near power outlets. She needs a solution for when her la
    10·1 answer
  • Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr
    7·1 answer
  • Clover finance wants to increase the usefulness and accessibility of
    14·1 answer
  • What concept is developed from an orderly, predictable environment versus a disorderly, irregular environment and is characteris
    6·1 answer
  • movie producers a, b, and c secretly meet and agree to release their summer blockbuster films in sequence, rather than at the sa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!