Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

calculating profitability ratios round to two decimal places please! Diamond Eyes, Inc., has sales of $28,633, total assets of $24,491, and total debt of $5,203,

calculating profitability ratios

round to two decimal places please!

Diamond Eyes, Inc., has sales of $28,633, total assets of $24,491, and total debt of $5,203, Assume the profit margin is 9 percent. What is ROE (in %)

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

Pricing In General Insurance

Authors: Pietro Parodi

2nd Edition

0367769034,1000860833

More Books

Students also viewed these Finance questions

Question

★★★★★

The expected annual returns are 15% for investment 1 and 12% for investment 2. The standard deviation of the first investments return is 10%; the second investments return has a standard deviation of...

Answered: 1 week ago

Question

★★★★★

A bond has a $1,000 face value, a market price of $1,045, and pays interest payments of $30.00 every six months. What is the coupon rate? Select one: a. 7.14 percent b. 7.76 percent c. 4.45 percent...

Answered: 1 week ago

Question

★★★★★

Do you trust government warnings about the safety or health risks of smoking (CDC), tanning salons (FDA), or Superfund sites (EPA)? Why or why not? Are any or all of these warnings effective? Does it...

Answered: 1 week ago

Question

★★★★★

Paul Bergey is in charge of loading cargo ships for International Cargo Company (ICC) at the port in Newport News, Virginia. Paul is preparing a loading plan for an ICC freighter destined for Ghana....

Answered: 1 week ago

Question

★★★★★

6. Your Payroll T-account shows the balance of $3,500. To which category would you put this? Revenues Expenses Assets Liabilities Equity

Answered: 1 week ago

Question

★★★★★

Problem 7 Intro Assume that the real interest rate is 2% in the U.S. and 1% in Canada. The annual nominal interest rate is 4% in the U.S. and 5.2% in Canada. Part 1 Attempt 1/10 for 10 pts. What is...

Answered: 1 week ago

Question

★★★★★

James was operating his cabin cruiser with his family a kilometer off the coast when he needed to go below to prepare a meal. He left his twelve-year-old son to drive the boat. While James was below...

Answered: 1 week ago

Question

★★★★★

INP 4203 Final Exam Review Chapter 9 Pay for Performance: Theory and Evidence What is a flexible benefit? What does someone with low self-esteem seek? What is the equity theory? What is distributive...

Answered: 1 week ago

Question

★★★★★

Jean-Paul has invested in 1,000 shares of the H.A.L. Computer Corporation. The shares were selling at $60 each when the company announced a 3-for-1 stock split. What is the value of Jean-Paul's...

Answered: 1 week ago

Question

★★★★★

1. Create a T-Account ledger for the following Balances, open the T-accounts with the balances from the Balance Sheet. 2. Input the transactions into each account on the T-Accounts page. There is no...

Answered: 1 week ago

Question

★★★★★

Brand Advertising is offered a 3/10 net 40 trade discount by its supplier. In the past Brand has been able to get away with paying for supplies on credit in 60 days. Since it doesn't have money on...

Answered: 1 week ago

Previous Question Next Question