Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

Calculate the profit margin for Humpty Dumpty Inc. The firm provides an 18% return on equity, has sales of $66,260, total assets of $104,000, and

Calculate the profit margin for Humpty Dumpty Inc. The firm provides an 18% return on equity, has sales of $66,260, total assets of $104,000, and total equity of $68,000. 16.9% 17.4% 18.5% 20.2%

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

Managing The Audit Function A Corporate Audit Department Procedures Guide

Authors: Michael P. Cangemi

2nd Edition

0471012556, 978-0471012559

More Books

Students also viewed these Finance questions

Question

★★★★★

Determine whether the statement is true or false. Justify your answer. 1. In order to solve a system of equations by substitution, you must always solve for y in one of the two equations and then...

Answered: 1 week ago

Question

★★★★★

Using the payback period and unadjusted rate of return to evaluate alternative investment opportunities John and Joan Services is planning a new business venture. With $200,000 of available funds to...

Answered: 1 week ago

Question

★★★★★

=+ c. What conclusions regarding the margin of protection to the creditors can you draw from (b)?

Answered: 1 week ago

Question

★★★★★

On August 7, Green River Inflatables Co. paid $1,675 to install a hydraulic lift and $40 for an air filter for one of its delivery trucks. Journalize the entries for the new lift and air filter...

Answered: 1 week ago

Question

★★★★★

On 16 September 2021, Commonwealth Bank of Australia (CBA) shares were trading at $102.00 while the November 2021 CBA Call and Put options with exercise prices of $102.00 were trading at $5.10 and...

Answered: 1 week ago

Question

★★★★★

A corporation issued 7 , 0 0 0 shares of $ 1 0 par value common stock for $ 8 4 , 0 0 0 cash. A corporation issued 3 , 5 0 0 shares of no - par common stock to its promoters in exchange for their...

Answered: 1 week ago

Question

★★★★★

The company controller has set the revenue target for 2023 at $10,193,100 (or 55,700 pairs). He believes an additional marketin cost of $449,000 for advertising in 2023, with all other costs...

Answered: 1 week ago

Question

★★★★★

North American culture places a great deal of emphasis on a woman's weight in its appraisal of whether she is considered physically attractive. Some other cultures have a clear preference for more...

Answered: 1 week ago

Question

★★★★★

describe how the words we use to discuss personality disorders,( eg., narcissistic, borderline, antisocial,) shape our perception of what is considered normal or abnormal. Provide an example within...

Answered: 1 week ago

Question

★★★★★

Jason has a cat phobia, and therefore feelsanxious whenever he hears the word cat.He also feels anxious when he hears the word feline,which is an example of ____ generalization. a. secondary b....

Answered: 1 week ago

Question

★★★★★

Please answer each MCQ and give a small explanation (1-2 senetnces): This theory argues that progress and change in science are attributable to the ideas of unique individuals? A) Naturalistic...

Answered: 1 week ago

Question

★★★★★

explain the importance of the ACAS Code of practice on disciplinary and grievance procedures (2009)

Answered: 1 week ago

Question

★★★★★

understand the role of human resource managers and line managers in discipline and grievance handling

Answered: 1 week ago

Question

★★★★★

understand the meaning of the terms discipline and grievance

Answered: 1 week ago

Previous Question Next Question