Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

A firm uses 30,000$ in debt and 50,000$ in equity to finance its assets, and has a return on assets equal to 10%. What is

A firm uses 30,000$ in debt and 50,000$ in equity to finance its assets, and has a return on assets equal to 10%. What is the return on equity? a. 8% b. 12% C. 18% d. 19.2% e. 21% f. 16% g. 15% h. 6% Clear my choice

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

★★★★★

Pal acquired all the stock of Sta of Britain on January 1, 2011, for $163,800, when Sta had capital stock of 60,000 and retained earnings of 30,000. Stas assets and liabilities were fairly valued,...

Answered: 1 week ago

Question

★★★★★

Determine the due date of the loan, using the exact time, if the loan is made on the given date for the given number of days. July 5 for 210 days.

Answered: 1 week ago

Question

★★★★★

12.20 Refer to Exercise 12.19. Find a 95% confi- dence interval for the slope of the line. What does the phrase "95% confident" mean?

Answered: 1 week ago

Question

★★★★★

The following data are taken from the general ledger and other records of Valley View Manufacturing Co. on January 31, the end of the first month of operations in the current fiscal year: Sales . . ....

Answered: 1 week ago

Question

★★★★★

use C or C + + For a binary tree, if nleaf is the number of leaf nodes and n 2 is the number of nodes of degree 2 . please prove nleaf = n 2 + 1 .

Answered: 1 week ago

Question

★★★★★

Exercise 16-29 (LO. 2) In 2021, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $25,000. The clients signed notes receivable to Chaya that have a...

Answered: 1 week ago

Question

★★★★★

INDIVIDUAL TAX RETURN PROBLEM 2Required: Use the following information to complete Johnelle and Latoya Henry's 2016federal income tax return. If information is missing, use reasonable assumptions to...

Answered: 1 week ago

Question

★★★★★

Veach Division has total assets ( net of accumulated depreciation ) of $ 4 6 2 , 0 0 0 at the beginning of year 1 . One of the assets is a machine that has a net book value of $ 4 8 , 7 2 0 ....

Answered: 1 week ago

Question

★★★★★

You need to implement the following for the users in the marketing department: Open a customer relationship management (CRM) popup when the users receive a Teams call. Ensure that SIP devices can be...

Answered: 1 week ago

Question

★★★★★

Southern Amusements Corporation had the following stockholders' equity on November 30: On December 30, Southern purchased 200 shares of treasury stock at $15 per share. Southern Amusements...

Answered: 1 week ago

Question

★★★★★

What is meant by "satisfying the customer" as a manager in a healthcare industry

Answered: 1 week ago

Question

★★★★★

Explain the aims of the selection process and the importance of talent selection.

Answered: 1 week ago

Question

★★★★★

Explain what is meant by the terms unitarism and pluralism.

Answered: 1 week ago

Question

★★★★★

Assess the value of references and understand the circumstances where they may be successful.

Answered: 1 week ago

Previous Question Next Question