Answered step by step
Verified Expert Solution
Question
1 Approved Answer
43. For the fiscal year ended December 31, 2019, Gold Enterprises had Sales of $10,423,000; EBIT of $2,814,000: Net Income Before Tax of $1,978,000; Net
43. For the fiscal year ended December 31, 2019, Gold Enterprises had Sales of $10,423,000; EBIT of $2,814,000: Net Income Before Tax of $1,978,000; Net Income After Tax of $1,234,000; Interest Expense of $450,000; and Shareholders Equity of $13,456,000. What was the return on equity for 2019? CA.5.1% C 17.1% D. 25.1% 36. You are considering a payday loan for $100, which you will repay in 15 days. The loan company, which advertises its low rate of 20%, wants a post-dated check for $120 dated 15 days in the future. What is the actual annual percentage rate (APR) that you will be paying if you accept the offer? A 384 29 B 405.6% C. 486.7% 0.5069%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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