Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,000,000. Its total assets were $10,000,000. What is

A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,000,000. Its total assets were $10,000,000. What is the company's return on assets for the fiscal year?

.70

.40

0.20

.28

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

Handbook Of Anti Money Laundering

Authors: Dennis Cox

1st Edition

0470065745, 978-0470065747

More Books

Students also viewed these Finance questions

Question

★★★★★

Calculate the net cash flows for each year. Based on these cash flows, what are the projects NPV, IRR, MIRR, PI, payback, and discounted payback? Do these indicators suggest the project should be...

Answered: 1 week ago

Question

★★★★★

For the function f(x) = 4x 2 11x 3: (a) Find the derivative of f at x = 2. (b) Find the equation of the tangent line to the graph of f at the point (2, -9). (c) Graph f and the tangent line.

Answered: 1 week ago

Question

★★★★★

=+c) Carry the rightmost term in (22.22) to the left side, take s =t =a, and prove Ottaviani's inequality: T(@) (22.24) M(2a) Bo (a) =1^1-R(a) (d) Prove BE(@) 3Bo(@/2), Bo(@) 3BE(@/6).

Answered: 1 week ago

Question

★★★★★

At year-end 2004, total assets for Bertin Inc. were $1.2 million and accounts payable were $375,000. Sales, which in 2004 were $2.5 million, are expected to increase by 25 percent in 2005. Total...

Answered: 1 week ago

Question

★★★★★

El 31 de diciembre, Bonds Baseball Company decidi vender una de sus jaulas de bateo. El costo inicial del equipo fue de $225,000 con una depreciacin acumulada de $195,000. La depreciacin se ha tomado...

Answered: 1 week ago

Question

★★★★★

Using the information from the California Department of Justice Links to an external site., answer ALL of the following questions: What is the difference between a hate "incident" and a hate "crime"?...

Answered: 1 week ago

Question

★★★★★

Answer.... The article "The Influence of Temperature and Sunshine on the Alpha-Acid Contents of Hops"t reports the following data on yield (y), mean temperature over the period between date of coming...

Answered: 1 week ago

Question

★★★★★

Cuban Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Mark Cuban, the president and owner of Cuban Investors, believes it can be sold for...

Answered: 1 week ago

Question

★★★★★

Bowling Green Financial is preparing its Budgeted Income Statement for next year. Bowling Green Financial has collected the following information about this statement: Sales for next year total...

Answered: 1 week ago

Question

★★★★★

John Parsons (123-45-6781) and George Smith (123-45-6782) are 70% and 30% owners, respectively, of Premium, Inc. (11-1111120), a candy company located at 1005 16th Street, Cut and Shoot, TX 77303....

Answered: 1 week ago

Question

★★★★★

How imperative is conducting research on the target and ensuring that the proper customers are communicated to? HaHowtherightw many companies fail to hone in on th eright consumer?

Answered: 1 week ago

Question

★★★★★

(Appendices) PURCHASES, PURCHASE RETURNS, AND PAYMENT FOR PURCHASES. Jordan Footwear sells athletic shoes. During April Jordan made the following purchases on credit with terms 3/15, n/40: LO4 Assume...

Answered: 1 week ago

Question

★★★★★

(Appendices) SALES AND SALES RETURNS WITH DISCOUNTS. Fuente Office Supply sells all merchandise on credit with terms 2/10, n/30. Fuente engaged in the following transactions: a) May 1: Fuente sold 50...

Answered: 1 week ago

Question

★★★★★

(Appendices) Choose five food, beauty, or household products you find in your home. Visit a local store and compare three different sizes of the product and compute unit prices. Compile the...

Answered: 1 week ago

Previous Question Next Question