For the year ended December 31, 2017, WestJet Airlines Ltd. reported (in thousands) revenue $4,502,320; profit $283,578;
Question:
For the year ended December 31, 2017, WestJet Airlines Ltd. reported (in thousands) revenue $4,502,320; profit $283,578; beginning shareholders’ equity $2,060,702; and ending shareholders’ equity $2,212,524. Calculate the return on equity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Return ...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles Volume 2
ISBN: 978-1119502555
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Students also viewed these Business questions
-
For the year ended December 31, 2011, Canada Bread Company, Limited reported (in thousands) net revenue $1,595,456; profit $51,951; beginning shareholders' equity $638,995; and ending shareholders'...
-
For the year ended December 31, 2017, Jet Set Airlines reported profit of $920,000 and a gain on an equity investment of $66,000, before income tax. This gain is other comprehensive income. Jet Set...
-
For the year ended December 31, 2017, Home Distributors, a retailer of home-related products, reported net sales of $429,500 and cost of goods sold of $225,000. The company's balance sheets at...
-
If a charge on the body is InC, then how many electrons are present on the body? (a) 1.6 10-19 (c) 6.25 10 (b) 6.25 x 101 (d) 6.25 x 108
-
Determine the Miller indices for the planes shown in the following unit cell: 1-2 3
-
Questions 13-30will use the assumptions as explained below: Purchase $45,000,000 Office space - Max 60% LTV loan DSCR requirement: 1.3 - Debt Yield Ratio must be above 10% PGI: 15% of acquisition...
-
On July 1, Esquire Tables, Inc., began work on Job No. 309. The order is for 45 No. ET42 game tables for stock; date wanted is July 10. Instructions: 1. Open a cost sheet and record the transactions....
-
Your five-year-old daughter has just announced that she would like to attend college. The College Board has reported that the average cost of tuition, room, board, and other expense at public...
-
When forecasting the expansion of an existing business, the starting point for the forecast should be: Industry average financial statements The existing financial statements for the business The...
-
Several years after reengineering its production process, Dettling Corporation hired a new controller, Alana Metzgar. She developed an ABC system very similar to the one used by Dettling's chief...
-
True Green Nurseries Ltd. is a private company that follows ASPE. It is authorized to issue an unlimited number of both common and $6.50 cumulative preferred shares. On December 31, 2021, there were...
-
The condensed balance sheet of Laporte Corporation reports the following: The market price of the common shares is currently $30 per share. Laporte wants to assess the impact of three possible...
-
Consider a solution containing two weak monoprotic acids with dissociation constants K HA and K HB . Find the charge balance equation for this system, and use it to derive an expression that gives...
-
You are considering two stocks A and B for your portfolio. Your economic analysis suggests that there is a 25% chance of an "economic boom", 50% chance of "normalcy" and a 25% chance of a...
-
Choose a judicial-related story in the news this week. Include the source and a summary. What, if any, public policy implications are associated with this story? Offer additional thoughts and...
-
You deposit $500 each month into an account earning 4% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How...
-
1. What factors do prosecutors use when determining the charges to bring against a suspect? Is such discretion a positive thing? How much discretion should a prosecutor have in this regard? 2. Should...
-
6. Examine the following and determine how many times "Hello World" will be printed to the console. int i = n; while (i = 1) { i = } for (int k = 0; k < n; k++) { } System.out.println("Hello World");...
-
Think about the best (or worst) supervisor you have had, either as a volunteer or a nonprofit staff member. Do you think that individual subscribed to McGregor's Theory X or Theory Y? What do you...
-
Nate prepares slides for his microscope. In 1 day he prepared 12 different slides. Which equation best represents y, the total number of slides Nate prepares in x days if he continues at this rate? A...
-
On October 31, 2017, Lisik Company had a cash balance per books of $8,946. The bank statement on that date showed a balance of $10,155. A comparison of the statement with the Cash account revealed...
-
On May 31, 2017, Forester Theatre's cash account per its general ledger showed the following balance: The bank statement from Canada Bank on that date showed the following balance: A comparison of...
-
The March bank statement showed the following for Yap Co.: Additional information: 1. The bank statement contained three debit memoranda: ¢ An NSF cheque of $595 that Yap had deposited was...
-
1) Why could quantum computing be a very important tool in supply chain management (what can it do that traditional computing can't)? 2) Give 1 or 2 examples of some current issues in supply chain...
-
La corporacin es la mejor forma organizacional de negocios en trminos de levantar capital con la emisin de valores. CIERTO O FALSO
-
1) Explain what regression gives us that correlation does not and explain the relationship between the correlation coefficient and the coefficient of determination. 2) If the regression is our...
Study smarter with the SolutionInn App