Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 13, 2023

An analyst has gathered the following information on Thermofisher Corporation: 2021: Sales = $9,200, Net Income = $1,600, Total Assets = $21,000 2022: Sales =

An analyst has gathered the following information on Thermofisher Corporation:

2021: Sales = $9,200, Net Income = $1,600, Total Assets = $21,000

2022: Sales = $9,800, Net Income = $1,700, Total Assets = $22,000

Assuming an Equity Multiplier of 2.50, the 2022

calculate Return on Equity (ROE).

Step by Step Solution

★★★★★

3.44 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

We can use the DuPont formula to calculate the Return on Equity ROE ROE Net Income Total Equi... 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

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

Advanced Financial Accounting

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

6th edition

013703038X, 978-0137030385

More Books

Students also viewed these Finance questions

Question

★★★★★

The controller for Saskatoon Potash Inc. has determined that her company has five identifiable segments under IFRS 8. She has gathered the following information on those segments: Required Identify...

Answered: 1 week ago

Question

★★★★★

Total Protection Limited (TPL) was incorporated on January 1, Year 1, by five homebuilders in central Canada to provide warranty protection for new-home buyers. Each shareholder owns a 20% interest...

Answered: 1 week ago

Question

★★★★★

Beckett Pumps is a manufacturer of commercial and heavy industrial Pumps. The firms two product lines are called Directlift and Gravity. The primary raw materials are flexible steel sheet, and 23cm x...

Answered: 1 week ago

Question

★★★★★

The values of Alabama building contracts (in millions of dollars) for a 12-month period follow: 240 350 230 260 280 320 220 310 240 310 240 230 a. Construct a time series plot. What type of pattern...

Answered: 1 week ago

Question

★★★★★

Financial ratios dont do you much good by themselves. Explain.

Answered: 1 week ago

Question

★★★★★

Without showing the details, explain how to condense ln x - 2 ln(x + 1).

Answered: 1 week ago

Question

★★★★★

Describe four technical features of Darwins theory of evolution.

Answered: 1 week ago

Question

★★★★★

According to the AIDA model, buyers pass through different decision processes on their way to making a decision. Assuming the cups in the dispenser contain a message to visit the organizations...

Answered: 1 week ago

Question

★★★★★

1. How is convexity used to enhance performance? 2. Construct immunized portfolios appropriate for different investor categories.

Answered: 1 week ago

Question

★★★★★

Ayayai Hotels Ltd. (AHL) is a small boutique hotel that provides 44 suites that can be rented by the day, week, or month. Food service is available through room service as well. In addition, there...

Answered: 1 week ago

Question

★★★★★

A manufacturer wanted to improve on the processes used to produce electrical components. At the beginning of the year, the factory randomly examined 9,000 electrical components, and of these a total...

Answered: 1 week ago

Question

★★★★★

Identity plays an important role in people's professions. In fact, people tend to derive a great deal of their identity from what they do. When some professions are identified as male and others as...

Answered: 1 week ago

Question

★★★★★

Scenario. Consider the following. FUN, a medium-sized (but rapidly expanding) INGO hires you to manage the organization's internal communications and external outreach initiatives. Based in...

Answered: 1 week ago

Question

★★★★★

The weekly cost of producing x shirts is given by the function C(x) = 2000 + 27x + 0.45x2. Find the marginal average cost function. Answer T'(x) =

Answered: 1 week ago

Question

★★★★★

13. Question 13 Suppose Sit Down, Co. reported LIFO beginning inventory of $4,056 and LIFO ending inventory of $4,121 in fiscal year 2017. Inventory purchases for 2017 were $21,590 and the change in...

Answered: 1 week ago

Question

★★★★★

Based on your observations, what are the three most critical areas in which Both tjmaxx and ross store could improve? What do you suggest? How can it improve the shopping experience? What are the...

Answered: 1 week ago

Question

★★★★★

Brief Exercise 227 Your answer is incorrect. Try again. Equipment was acquired on January 1, 2014, at a cost of $170,000. The equipment was originally estimated to have a salvage value of $10,000 and...

Answered: 1 week ago

Question

★★★★★

After graduating from college and working a few years at a small technology firm. Preet scored a high-level job in the logistics department at Amex Corporation. Amex sells high-quality electronic...

Answered: 1 week ago

Question

★★★★★

Salieri Ltd. is a manufacturer of musical instruments that is controlled by Tony Antonio. Salieri Ltd. was originally a private company, but it became public in 20X0 when a substantial public share...

Answered: 1 week ago

Question

★★★★★

How does the primary user group for government financial statements differ from that for NFP financial statements?

Answered: 1 week ago

Question

★★★★★

What is the objective of preparing consolidated financial statements?

Answered: 1 week ago

Question

★★★★★

A foreign company did not capitalize any interest in the current or past years, although such capitalization is required under U.S. GAAP. Why does an adjustment to reconcile this item to U.S. GAAP...

Answered: 1 week ago

Question

★★★★★

What are potential problems in using commercial databases as the source of financial statement information for foreign companies?

Answered: 1 week ago

Question

★★★★★

Iskender Corporation is a Turkish conglomerate with operations located throughout Europe and the Middle East. The company recently adopted International Financial Reporting Standards and has prepared...

Answered: 1 week ago

Previous Question Next Question