Answer:
3.88%
Explanation:
ROA = Net income/Total assets
ROA = $972/$16,127
ROA = 0.0602716
ROA = 6.03%
Retention ratio = 1 - Payout ratio
Retention ratio = 1 - 0.38
Retention ratio = 0.62
Internal growth rate = (ROA*Retention ratio) / [1 - (ROA*Retention ratio)]
Internal growth rate = 0.0602716*0.62 / 1 - (0.0602716*0.62)
Internal growth rate = 0.037368392 / 1-0.037368392
Internal growth rate = 0.037368392/0.962631608
Internal growth rate = 0.038818995
Internal growth rate = 3.88%
Answer:
$1.67
Explanation:
The amount of shares that was repurchased is:
$300,000/($4,187,100/127,500)
= 9,135 shares
Outstanding shares is:
127,500-9,135
= 118,365 shares
Therefore, the EPS is:
= [$215,600 - ($300,000×.06)]/118,365.
= $1.67
Thus, the amount EPS after the debt was issued is $1.67
Answer:
I think so.
Explanation:
This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!
Answer:
Explanation:
Account: Cash Account Dollar amount: $70,000
Account: Paid-in capital Dollar amount: $70,000
The amount is shown below:
= Deposit amount × number of classmates + purchase of stock
= $20,000 × 3 + $10,000
= $60,000 + $10,000
= $70,000
Only this two account is required i.e cash account and the paid-in capital account
Answer and Explanation:
If there is decrease in fair value of an asset as is seen in the example with Pitbull corporation, we decrease asset revaluation reserve in the balance sheet by the value reduced $50000 here to recognise new carrying value of the asset and then debit the expenses of revaluation to the income statement or profit and loss account. If there was an increase in fair value, revaluation would add to retained earnings in balance sheet and income in income statement
