Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the following data for Interactive Technology and Silicon Software. Interactive Technology (IT) Silicon Software (SS) Net income $ 34,400 $ 191,000 Sales 379,000 2,070,000

Assume the following data for Interactive Technology and Silicon Software.

Interactive Technology (IT) Silicon Software (SS)
Net income $ 34,400 $ 191,000
Sales 379,000 2,070,000
Total assets 404,000 988,000
Total debt 235,000 484,000
Shareholders equity 169,000 504,000

a-1. Compute return on shareholders equity. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Return on Shareholders equity
Interactive Technology (IT) %
Silicon Software (SS) %

a-2. Not available in connect.

b. Compute the following ratios for both firms (Round the final answers to 2 decimal places.)

Interactive Technology (IT) Silicon Software (SS)
Net income / Sales % %
Net income / Total assets % %
Sales / Total assets X X
Debt / Total assets % %

c. Not available in connect.

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

Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series

Authors: Vibrant Publishers , Kalpesh Ashar

5th Edition

1636510973, 978-1636510972

More Books

Students also viewed these Finance questions