Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.333 points Save Answer QUESTION 4 A firm has net working capital of $1,940. Long-term debt is $4,180, total assets are S11,830, and fixed assets
1.333 points Save Answer QUESTION 4 A firm has net working capital of $1,940. Long-term debt is $4,180, total assets are S11,830, and fixed assets are $3910. What is the amount of the total liabilities? O A. $5,950 $12,190 O C. $10,160 D. $6,150 1.333 points Save Answer QUESTION 5 A company reported the following for a given year: Sales $5,600,000; Expenses-3,000,000; Depreciation $190,000; Interest Expense -$80,000. If the corporate tax rate is 21 percent, calculate the company's net income for that year O A. $1,566,500 B. $2,330,000 C. $1,840,700 O D. $1,638,000 1.333 points Save Answer QUESTION 6 A firm has common stock of $8,600; paid-in capital surplus of $11,700; total liabilities of $12,900; current assets of $15,100; and fixed assets of $27,200. What is the amount of shareholders' equity? O A. $29,400 O B. $42,300 O C. $33,200 D. $20,300 1.333 points Save Answer QUESTION 7 A firm has return on assets (ROA) of 15 percent, and debt-equity ratio of 60 percent. Calculate the firm's return on equity (ROE). O A. 18 percent B. 24 percent C.12 percent D. 21 percent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started