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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.

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A(n) ________ bank is an institution, such as Credit Suisse First Boston, that acts as an underwriter or agent for a firm engage
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Answer:

Public bank

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So as per the given situation the given boston would be acted as an underwriter and engaged in the initial public offering so this represent the public bank

hence, the same would be relevant

8 0
3 years ago
Which is not a task of the bankruptcy trustee?
klio [65]

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

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3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

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3 0
2 years ago
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Fergie has the choice between investing in a State of New York bond at 9.2 percent and a Surething bond at 8.5 percent. Assuming
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Explanation:

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4 0
3 years ago
Question 1
Alex73 [517]

Answer:

Command

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The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.

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3 years ago
Name the four areas in which standards of ethical conduct exist for management accountants in the united states. What organizati
GaryK [48]

​The four areas in which standards of ethical conduct exist for management accountants in the united states are.

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To learn more about Institute of Management Accountants​ with the given link

brainly.com/question/8339611

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