The Al Hammad Company has total assets of QR18 million (Qatari riyal), an asset turnover of 1.35
Question:
The Al Hammad Company has total assets of QR18 million (Qatari riyal), an asset turnover of 1.35 times, and a net profit of 16% on sales.
a. What is Al Hammad’s return on assets?
b. Find Al Hammad’s ROE, given that 30% of the assets are financed with stockholders’ equity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a Asset Turnover Ratio Net Sales Average Total Assets 135 Net Sales 1800000...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Question Posted:
Students also viewed these Business questions
-
1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared...
-
The Buffalo Manufacturing Company has total assets of $10 million, an asset turnover of 2.0 times, and a net profit margin of 15%. a. What is Buffalos return on assets? b. Find Buffalos ROE, given...
-
The Wilson Diversified Company has total assets of $130,000 at the end of 2007 and the following condensed income statement for 2007: Sales ............. $90,000 Operating expenses ...... (66,600)...
-
Write a program MooresLaw that takes a command-line argument \(n\) and outputs the increase in processor speed over a decade if microprocessors double every \(n\) months. How much will processor...
-
Identify the contractual rights that the owner of a life insurance policy may exercise.
-
The capital investment for a new highway paving machine is $950,000. The estimated annual expense, in year zero dollars, is $92,600. This expense is estimated to increase at the rate of 5.7% per...
-
Use the PewSocialMedia dataset to address this question: which variable has the biggest effect on respondents score on the Upsettedness Index: sex, age, income, or race (white/nonwhite)? Be sure to...
-
Bridget Krumb, Inc., purchased inventory costing $125,000 and sold 80% of the goods for $190,000. All purchases and sales were on account. Krumb later collected 25% of the accounts receivable. 1....
-
1.3.2 Labour rate variance
-
U.S. businesses are listed by size: small, medium, and large. Explain why business size is an example of an ordinal-scaled variable.
-
The government-wide financial statements for the City of Arborland for a three-year period are presented on the following pages. Additional information follows: Population: Year 2011: 30,420, Year...
-
Find the EPS, P/E ratio, and dividend yield of a company that has six million shares of common stock outstanding (the shares trade in the market at $30), earns 12% after taxes on annual sales of $80...
-
Sanjay purchased a single life annuity contract for $200,000. The contract will pay $15,000 per year beginning in 2017 for the remainder of his life and has an expected return of $330,000. What...
-
What is the essential objective that scientists should pursue by striving to remove personal biases, a priori commitments, and emotional involvement from their investigations about the world?...
-
c) Critically review the use of ROA (Return on Assets) as an indicator for your purposes of how a company's resources are used to generate wealth, and how different companies might measure it in...
-
Find the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. Sketch the region, the solid and a typical disk or washer. -2x 3. y = ex, y = 0, x =...
-
2. Given the list of scores: Score1 = [ 10, 40, 50, 54, 55, 59, 63, 65, 70, 71, 75, 77, 79, 80, 99] The one-sample T-test is used to test whether the mean of Score1 is statistically different from...
-
Find the area of the triangle having the given measurements. Round to the nearest square unit. 13) C=100, a 3 yards, b = 8 yards Use Heron's formula to find the area of the triangle. Round to the...
-
Solve triangle using either the Law of Sines or the Law of Cosines. a = 4, c = 5, B = 55
-
Fill in each blank so that the resulting statement is true. 83 + 103 = ______ .
-
Max and Veronica Shuman, along with their teenage sons, Terry and Thomas, live in Portland, Oregon. Max is a sales rep for a major medical firm, and Veronica is a personnel officer at a local bank....
-
Its probably safe to say that theres nothing more important in determining a bonds rating than the underlying financial condition and operating results of the company issuing the bond. Just as...
-
Is there a single market rate of interest applicable to all segments of the bond market, or are there a series of market yields? Explain and note the investment implications of such a market...
-
Use the following information: \ table [ [ Country , \ table [ [ Consumer Prices ] ] , Interest Rates,Current Units ( per US$ ) ] , [ Forecast , 3 - month, 1 - yx Covt Bond,, ] , [ 2 0 2 4 e ,...
-
Year-to-date, Yum Brands had earned a 3.70 percent return. During the same time period, Raytheon earned 4.58 percent and Coca-Cola earned 0.53 percent. If you have a portfolio made up of 40 percent...
-
Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom .15 .31 .41 .21 Good .60 .16 .12 .10 Poor .20 .03 .06 .04 Bust .05 .11 .16 .08 a. Your...
Study smarter with the SolutionInn App