Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

7 . Kansas Orthotics had $ 2 4 , 0 0 0 , 0 0 0 in sales last year. The company s net income

7 .

Kansas Orthotics had $

24, 000, 000

in sales last year. The company

s net income was $

400, 000 .

Its total assets turnover was

6.0 .

The company

s ROE was

15

percent. The company is financed entirely with debt and common equity. What is the company

s debt ratio?

Write your answer as a percent. Round your answer to one decimal place.

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

Recommended Textbook for

Introduction to Finance Markets Investments and Financial Management

Authors: Melicher Ronald, Norton Edgar

15th edition

9781118800720, 1118492676, 1118800729, 978-1118492673

More Books

Students also viewed these Finance questions

Question

Elite Trailer Parks has an operating profit of $282,000. Interest expense for the year was $39,200; preferred dividends paid were $29,500; and common dividends paid were $40,900. The tax was $61,700....

Answered: 1 week ago

Question

there are 25 questions --- i feel totally lost please help1 1 Problem 10-14 Analyzing bond price changes [LO3] Katie Pairy Fruits Inc. has a $3,000, 22-year bond outstanding with a nominal yield of...

Answered: 1 week ago

Question

1. Elite Trailer Parks has an operating profit of $282,000. Interest expense for the year was $39,200; preferred dividends paid were $29,500; and common dividends paid were $40,900. The tax was...

Answered: 1 week ago

Question

★★★★★

Find the distance between the given pairs of points. (32, 18) and (50, 8)

Answered: 1 week ago

Question

★★★★★

In Prob. 15.43, determine the locus of points of the sheet metal form for which the magnitude of the velocity is 200mm/s. 150 mex-me r

Answered: 1 week ago

Question

★★★★★

A bimetallic bar (or composite bar) of square cross section with dimensions 2b Ã 2b is constructed of two different metals having moduli of elasticity E1 and E2 (see figure). The two parts of...

Answered: 1 week ago

Question

★★★★★

Describe the main contributions of Harry Harlow? How is his work incongruent with the neobehaviorism of B. F. Skinner?

Answered: 1 week ago

Question

★★★★★

Compute the Macaulay and modified duration for the same securities as in Exercise 1. Today is May 15, 2000, and the current, semi-annually compounded yield curve is in Table 3.6. Compute the duration...

Answered: 1 week ago

Question

★★★★★

Before application of the IFRS Revaluation option, the 12/31/24 balance sheet of the Ney Company included its only building: Building $500,000 A/D (180,000) Book Value $320,000 The fair value at...

Answered: 1 week ago

Question

★★★★★

(1 point) Find a and b so that the function f(x) = 3x3 - 4x2 + 8, I - 2 is both continuous and differentiable. b =

Answered: 1 week ago

Question

★★★★★

Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★

Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★

The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★

Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★

(.) Consider the following three relations A, B, and C for this part: C A Attr Attr2 John A John B Mary A Mary C Mary D ST Attr3 15 30 20 35 50 ? B Attr4 10 20 30 40 50 Attr5 a b C d e (D = John A...

Answered: 1 week ago

Question

★★★★★

You have just taken out a 30-year, $120,000 mortgage on your new home. This mortgage is to be repaid in 360 equal installments. Each monthly payment is $1,500. MUST SHOW WORK TO GET CREDIT What is...

Answered: 1 week ago

Question

★★★★★

A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...

Answered: 1 week ago

Question

★★★★★

More sales and profits. Using a statistics program, consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in Exercise 38. a) Find a 95% confidence...

Answered: 1 week ago

Question

★★★★★

Retirement. A researcher is interested in knowing how much a person would need to save for retirement by the age of 30, 40, 50, and beyond. He collects a survey from a group of people between the age...

Answered: 1 week ago

Question

★★★★★

Battery lifetimes. In February 2019, the Android Authority website reported the effectiveness of battery life (in minutes) with different display sizes (inches) between 1080p and 1440p resolution...

Answered: 1 week ago

Previous Question Next Question