The following information is available for Ware Ltd for 2015: sales revenue $7 840 000; cost of

Question:

The following information is available for Ware Ltd for 2015: sales revenue $7 840 000; cost of sales $3 528 000; profit $1 176 000; total equity $2 233 300; average total assets $5 113 000.

Calculate the return on assets and profit margin for Ware Ltd for 2015.

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

See More Books

Question Posted: Sep 05, 2022 11:46 PM

See More Questions

The following information is available for Granite Inc. Instructions: Compute the missingamounts. Products in Sample Inventory Beginning inventory . $125 Materials available to use Ending inventory...
The following information is available for Kelsey Inc. Compute the following for 2011: 1. The ending balance in accounts receivable 2. The amount of cash paid for inventory 3. The amount of cost of...
The following information is available for Fishel Manufacturing Company. Prepare the cost of goods manufactured schedule for the month ofApril. April 1 $10,000 5,000 April 30 $14,000 3,500 Raw...
Explain why entrepreneurial firms are often in a strong position to use combination strategies.
The monthly gasoline demand (in thousands of barrels/day) for Yukong Oil Company of South Korea for the period from January 1986 to September 1996 is contained in Table P-17. a. Plot the gasoline...
Suppose that we have a filter with a pass band of 1.0 centered at 600 nm, and we illuminate it with sunlight. Compute the coherence length of the emerging wave.
When the contract rate is above the market rate, do bonds sell at a premium or a discount? Do purchasers pay more or less than the par value of the bonds? AppendixLO1
Johns Cream Soda, Inc., makes specialty soft drinks. At the end of 2012, Johns had total assets of $390,000 and liabilities totaling $260,000. Requirements 1. Write the companys accounting equation,...
**********help me out with this Lower of Cost & Net Realizable Value question ************** Mix seller corp is selling two categories of products, dishes (large bowls and small bowls) and food...
Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services accounting clerk prepared the following unadjusted trial...
The following items were taken from the 30 June 2013 consolidated statement of financial position of Goodman Fielder Limited. (All dollars are in millions.) Required Prepare the assets section of a...
The following items are taken from the 30 June 2013 statement of financial position of Boral Ltd (in millions): Required Prepare a statement of financial position, appropriately classified, for Boral...
What is the nuclide symbol for the nucleus that contains 14 protons and 14 neutrons?
In the following vignette write out three examples of a MI intervention in response to what the client has shared. Mark is a 19-year-old, male who lives with his parents and younger brother. His...
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithiumion battery packs for a new line of...
Most human behaviour: can be easily explained has multiple causes stems from unconscious desires depends on social influence
In what ways are the information processing theories of cognitive development discussed in PSY393 different from the embodied cognition perspective? In what ways are they similar? In your opinion,...
Problem 15-6B Accounting for share investments LO4 CHECK FIGURE: 2. Carrying value per share, $19.63 River Outdoor Supply Corporation (River Corp.) was organized on January 2, 2023. River Corp....
ppalachian Power Co. (APCO) owns the Philip Sporn power plant (Sporn), a coal-fired power plant that generates electricity by burning coal to create steam and then passing the steam through a...
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
A new client, John Dobson, recently formed Johns Premium Steakhouse, Inc., to operate a new restaurant. The restaurant will be a first-time business venture for John, who recently retired after 30...
Collettes S corporation holds a small amount of accumulated earnings and profits (AEP), requiring the use of a more complex set of distribution rules. Collettes accountant tells her that this AEP...
For each of the following independent statements, indicate whether the transaction will increase (+), decrease (), or have no effect (NE) on the basis of a shareholders stock in an S corporation. a....
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...

The following information is available for Ware Ltd for 2015: sales revenue $7 840 000; cost of

Question:

Step by Step Answer:

The return on assets ROA is a measure of how much profit a ...View the full answer

Financial Accounting Reporting, Analysis And Decision Making

Students also viewed these Business questions