FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporation A has total liabilities of $9,000, and total assets of $13,000. It has sales of $5,000 and a profit margin of 11%, 18) What

Corporation A has total liabilities of $9,000, and total assets of $13,000. It has sales of $5,000 and a profit margin of 11%,

18) What is ROA?

a. 4.23%

b. .423%

c. 38.46%

d. .3846%

e. .6923%

19) What is net income?

A. $100,000

B. $550

C. $4,000

D. $4,450

E. NONE OF THE ABOVE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

5. Practice on models. Have students use the rubrics to evaluate the models you gave them in Step 2.

Answered: 1 week ago

Question

★★★★★
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing...

Answered: 1 week ago

Question

★★★★★
-18 POINTS SMITHNM13 11.1.029 MY NOTES If $19,000 is invested at 4.5% for 20 years, find the future value of the interest is compounded the following ways. (Round your answers to the nearest cent.)...

Answered: 1 week ago

Question

★★★★★
E11-12 Byrd Company produces one product, a putter called Go-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one Go-Putter. The normal...

Answered: 1 week ago

Question

★★★★★
On the way to work, Anjali reallzed her car was overheating, so she immedlately pulled into a service station to have the problem fixed. Anjali's buying process for the car repair was Influenced by...

Answered: 1 week ago

Question

★★★★★
Frank, a bank teller, is told by the head teller that rapid service is an absolute must from this point forward. However, the bank's community relation's director instructs all employees to focus...

Answered: 1 week ago

Question

★★★★★
The light right-angle boom which supports the 590-kg cylinder is supported by three cables and a ball-and-socket joint at O attached to the vertical x-y surface. Determine the reactions at O and the...

Answered: 1 week ago

Question

★★★★★
Jones Day Care is a Not-For-Profit organization that provides day services for children with disabilities. The following contributions (and expenses) were received by Jones Day Care during the year...

Answered: 1 week ago

Question

★★★★★
1. Print the top 3 rows. 2. Print the column names. 3. Sort data by Edition (year) in descending order and show the top 10 rows. 4. Select the columns of Edition and Athlete for Women 100m freestyle...

Answered: 1 week ago

Previous Question Next Question