Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please work this out for me? i do not understand how to get the ROA. Deprey, Incorporated, had equity of $153,000 at the

image text in transcribed
can you please work this out for me?
i do not understand how to get the ROA.
Deprey, Incorporated, had equity of $153,000 at the beginning of the year. At the end of the year, the company had total assets of $215,000. During the year, the company sold no new equity. Net income for the year was $29,000 and dividends were $6,400. a. Calculate the internal growth rate for the company. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the internal growth rate using ROA b for beginning of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the internal growth rate using ROA b for end of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Internal growth rate % b. ROA x b (using beginning of period assets) % c. ROA x b (using end of period assets) %

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_2

Step: 3

blur-text-image_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

Handbook Of Asset And Liability Management Volume 2

Authors: S. A. Zenios, W. T. Ziemba

1st Edition

0444528024, 978-0444528025

More Books

Students also viewed these Finance questions

Question

What are the purposes of collection messages? (Objective 5)

Answered: 1 week ago