Oscar Optical Corporation provides a full line of designer eyewear to consumers Oscar reported the following information for 2018 and 2017 Compute return on assets (ROA) for 2018 and 2017 Using the DuPont model, identify the components and state whether each improved or worsened from 2017 to 2018 2...

Business
Financial Accounting
Oscar Optical Corporation provides a full line of designer eyewear

Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information

Question:

Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information for 2018 and 2017:

2017 2018 Sales revenue Net income... Average total assets. $500,000 $ 43,700 $410,000 $ 34,650 $230,000 $210,000

Compute return on assets (ROA) for 2018 and 2017. Using the DuPont model, identify the components and state whether each improved or worsened from 2017 to 2018.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

Transcribed Image Text:

2017 2018 Sales revenue Net income... Average total assets. $500,000 $ 43,700 $410,000 $ 34,650 $230,000 $210,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 66% (15 reviews)

The net profit margin ratio improved slightly over 2017 and the asset turnover imp...View the full answer

Answered By

Hamza Amjad

Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.

4.80+ 3+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

See More Books

Question Posted: Jun 15, 2019 08:19 AM

See More Questions

Students also viewed these Business questions

Murphy Self Storage purchased land, paying $160,000 cash as a down payment and signing a $185,000 note payable for the balance. Murphy also had to pay delinquent property tax of $2,000, title...
Sweitzer Printers incurred external costs of $400,000 for a patent for a new laser printer. Although the patent gives legal protection for 20 years, it was expected to provide Sweitzer with a...
Bearcreek Mines paid $433,000 for the right to extract ore from a 450,000-ton mineral deposit. In addition to the purchase price, Bearcreek Mines paid a $155 filing fee to the county recorder, a...
1. You are required to compare the results of your printed reports and the results of reports of the MYOB assignment book in your MYOB assignment. If it is assumed that two results of the reports are...
Find a first order system of ordinary differential equations that has the indicated vector-valued function as a solution: (a) (b) (c) (d) (e) (f) (g) (h) 2 e ecos 3r 3e-sin 3r sin 2r cos 2 sin 21 3...
Let Show that the equation Ax = b does not have a solution for all possible b, and describe the set of all b for which Ax = b does have a solution. 4 = [ 8 ] and b = [b] A 3-4 8 -6
When a dog pants, it exhausts water vapor through its mouth (Fig. P14.42). This process converts liquid water (inside the dog) into water vapor, removing heat from the dog via the evaporation of...
Edwards Construction currently has debt outstanding with a market value of $70,000 and a cost of 8%. The company has EBIT of $5600 that is expected to continue in perpetuity. Assume there are no...
from the following transactions for maggie co., when appropriate, journalize (sales journal and cash payments journals), record, post and prepare a schedule of accounts receivable. all sales terms...
Use the data in LOANAPP.RAW for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is...
In 2018, Ambrosia Corporation reported $100 million in sales, $18 million in net income, and average total assets of $200 million. What is Ambrosias return on assets in 2018?
During 2018, Silverspring Systems, Inc., purchased two other companies for $10 million in cash. Also during 2018, Silverspring made capital expenditures of $8.6 million in cash to expand its market...
The accompanying table shows a portion of job satisfaction scores (on a scale of 0 to 100) categorized by a person's field of expertise. Field 1Field 2Field 3 80.................76.................81...
A. Given that y = e 2x + 1 complete the table of values of y corresponding to x = 0.5, 1 and 1.5. B. Use the trapezium rule, with all the values of y in the completed table, to obtain an estimate for...
Draw a schematic using NFETs and PFETs for a restoring logic gate that implements the function = 0 if zero or two of inputs cba are true. Assume that all inputs and their complements are available.
Given forecast errors of 4, 8, and -3, what is the MAD? What is the MSE?
Padgett Rentals can purchase a van that costs $$48,000$ ; it has an expected useful life of three years and no salvage value. Padgett uses straight-line depreciation. Expected revenue is...
Rainwater Corp. expects to sell 600 umbrellas in May and 400 in June. Each umbrella sells for $$15$. Rainwaters beginning and ending finished goods inventories for May are 75 and 50 units,...
Describe why the horizontal line test is an effective way to determine whether a function is one-to-one?
Representative data read from a plot that appeared in the paper Effect of Cattle Treading on Erosion from Hill Pasture: Modeling Concepts and Analysis of Rainfall Simulator Data (Australian Journal...
At the beginning of the current period, Engseth Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit). During the period, it had net credit...
The ledger of Montgomery Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $810,000; and Sales Returns and Allowances $40,000. Instructions (a) If Montgomery uses...
Parry Company has accounts receivable of $95,400 at March 31, 2012. An analysis of the accounts shows these amounts. Credit terms are 2/10, n/30. At March 31, 2012, there is a $2,100 credit balance...
why would an auditor want to complete dual-purpose tests? what procedure can be put into place to help prevent fraud? List 4 procedures.
Based on the following information, calculate sustainable growth rate for Groot, Inc.: Profit margin= 7.1% Total asset turnover = 1.90 Total debt ratio = .45 Payout ratio = 20% What is the ROA here?
Consider the following: a call option on a stock has strike price $100, premium of $5 and the current price of the underlying stock is $100. If you buy the call option today, what is your holding...

Trade And Development Report 2020 From Global Pandemic To Prosperity For All Avoiding Another Lost Decade 1st Edition - ISBN: 9211129923 - Free Book

Study smarter with the SolutionInn App

Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information

Question:

2017 2018 Sales revenue Net income... Average total assets. $500,000 $ 43,700 $410,000 $ 34,650 $230,000 $210,000

Step by Step Answer:

The net profit margin ratio improved slightly over 2017 and the asset turnover imp...View the full answer

Financial Accounting

Related Video

Students also viewed these Business questions