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:
4x2 and 8 divided by 4
Step-by-step explanation:
I love math !
I dont completely know but it might be 3
39/10 I’m not sure! Use the app called photo math
Answer:
Step-by-step explanation:
Let x represent the number of questions that Tim got right in the math test.
The number of questions that Tim got wrong in the math test is 10.
If the total number of questions on the math test is q, it means that
x + 10 = q
If he received 4 points for every correct answer and there was no penalty for wrong answers, it means that he received 0 point for a wrong answer. If
his score was 76 points, it means that
4x + 0 × 10 = 76
4x = 76
Therefore, the required equations are
x + 10 = q
4x = 76
