Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume the following data for Interactive Technology and Silicon Software. Net income Sales Total assets Total debt Shareholders' equity Interactive Technology (IT) $ 39,000 381,000
Assume the following data for Interactive Technology and Silicon Software. Net income Sales Total assets Total debt Shareholders' equity Interactive Technology (IT) $ 39,000 381,000 412,000 189,000 223,000 Silicon Software (SS) $ 171,000 2,810,000 912,000 499,000 413,000 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 Debt / Total assets % %
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