Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021

image text in transcribed

Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021 Total liabilities, 2020 Total assets, 2021 Total assets, 2020 Revenue, 2021 Net income, 2021....... $43,610 $23,817 48,239 21,935 64,743 29,652 67,582 32,589 200,693 81,494 2,312 1,062 1- To the nearest hundredth of a percent, what is the 2021 return on equity ratio for Albi Foods? Select one: A. 10.94% B. 11.42% C. 11.95% D. 5.30% 2- To the nearest hundredth, what is the 2021 debt-to-equity ratio for Unimart? Select one: A. 2.89 B. 2.06 C. 4.08 D. 2.77 PreviousSave Answers Next wwwwwww 3-Anchor, Inc. has a debt-to-equity ratio of 0.42 and Ballast Company has 0.28. Which of the following statements is true? Select one: A. Anchor reported more dollars of profit than Ballast B. Anchor has more total debt than does Ballast C. Anchor is able to bring its product to market more efficiently than Ballast D. Ballast would likely be able to borrow money at a lower interest rate than would Anchor 4-Which one of the following is not an external user of financial information? Select one: A. Stockholders B. Top company management C. Creditors D. Internal Revenue Service

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

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

Recommended Textbook for

Accounting For The Environment

Authors: Rob Gray, Jan Bebbington

2nd Edition

0761971378, 978-0761971375

More Books

Students also viewed these Accounting questions

Question

6.3 What do budgets have to do with control?

Answered: 1 week ago

Question

What is a verb?

Answered: 1 week ago