Transactions involving the purchase and sale of fixed assets would be considered INVESTING activities.
Investing activities refers to those activities carried out by the company which involve sales or purchases of fixed assets such as building and equipment.
Answer:
ROE is 0.1571 or 15.71%
Explanation:
The ROE or return on equity is a measure of a business's profitability in relation to its equity. The Dupont equation breaks down the ROE into three components which are used to calculate the ROE. The formula fro ROE under dupont equation analysis is,
ROE = Net Profit/Sales * Sales/Total Assets * Total Assets/Total Equity
- The part of Net Profit/Sales is also known as profit margin.
- The part of Sales/Total Assets is also known as Assets Turnover
- The part of Total Assets/Total equity is also known as equity multiplier
ROE = 0.03 * 110/42 * 2
ROE = 0.1571428571 rounded off to 0.1571
I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.
Answer:
See complete solution in the picture attachment.
Explanation:
