FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. Calculate the rate of return on assets for the years 2013-2015. The effective tax rate is 30% b. Compute the rate of return on

image text in transcribed

a.

Calculate the rate of return on assets for the years 2013-2015. The effective tax rate is 30%

b.

Compute the rate of return on common shareholders equity for the years 2013-2015.

c.

Compute basic earnings per share for the years 2013-2015

d.

Comment on overall performance on the basis of calculated financial ratios
AJ Lucas Group Limited is an ASX listed company. Selected financial information for AJ Lucas Group Limited appears below for the period 2012-2015. 2015 2014 2013 2012 66,759 41,150 25,375 24,750 Profit for period Total assets 381,500 246,250 145,490 71,268 84,215 80,546 77,965 75,888 Number of shares outstanding 205,967 119,657 60,522 17,623 Total liabilities 175,533 126,593 84,968 53,645 Common stockholders' Equity Finance cost 165 195 258 368

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Finance For Housing An Introduction

Finance For Housing An Introduction

Authors: Cathy Davis

1st Edition

1447306481, 978-1447306481

More Books

Students also viewed these Finance questions

Question

5. Diagramming the data, or putting the data into some graphical form, can help a researcher find relationships among the data.

Answered: 1 week ago

Question

★★★★★
For Eckstein Company, the predetermined overhead rate is 130% of direct labor cost. During the month, Eckstein incurred $100,000 of factory labor costs, of which $85,000 is direct labor and $15,000...

Answered: 1 week ago

Question

★★★★★
a. Calculate the rate of return on assets for the years 2013-2015. The effective tax rate is 30% b. Compute the rate of return on common shareholders equity for the years 2013-2015. c. Compute basic...

Answered: 1 week ago

Question

★★★★★
Variable total contains the price for an item including tax. Variable tax contains the amount of tax on that item. Write an expression to calculate the price of the item without tax and store that...

Answered: 1 week ago

Question

★★★★★
Original advertising strategy: Q1: [50,50,20,20,60] Q2: [10,10,30,60,80] Q3: [30,30,30,50,100] Q4: [50,90,20,20,10] Calculate the standard deviation for each quarter and variances After the new...

Answered: 1 week ago

Question

★★★★★
If the solubility of cholesterol in methanol were 1 g/96 mL at 20C and 1 g/4.2 mL at 80C, what is the absolute minimum amount of methanol needed to recrystallize 5.39 g cholesterol?

Answered: 1 week ago

Question

★★★★★
2) Determine the best alternatives for a government project with the following data: PROJECT A B C P250k P320k P350k ANNUAL BENEFIT ANNUAL P100k P135k p180k COSTS B/C RATIO 2.5 2.37 1.94

Answered: 1 week ago

Question

★★★★★
i (a) Create a frequency distribution table with 8 classes from the following data. Include classes, frequencies, class midpoints, class boundaries, and relative frequencies as percentages. Relative...

Answered: 1 week ago

Question

★★★★★
Question 3 4 Marks The Table below is taken from the Australian Bureau of Statistics (ABS) website. It provides data an Australian households with internet access at home from the Household Use of...

Answered: 1 week ago

Question

★★★★★
Cognitive ability tests seem to be the most valid selection devices available for hiring employees, yet they also have adverse impact against blacks and Hispanics. Given the validity and adverse...

Answered: 1 week ago

Question

★★★★★
Health and safety legislation shows no sign of abating. Debate whether you consider that excessive legislation merely creates confusion and bureaucracy and makes it more diffi cult for businesses to...

Answered: 1 week ago

Question

★★★★★
In focus on research 11.4, what evidence is there for the convergence of Western and Japanese cultures? Discuss what implications any convergence may have for other HRM practices in Japan.

Answered: 1 week ago

Previous Question Next Question