Digby has a ROA of 0.13 (ROA = Net income/Total Assets). That means: Select: 1 a)Every dollar of Digby's assets result in earnings of $0.13. b)Digby uses $0.87 of each dollar earned to purchase assets. c)Every dollar of Digby's assets result in earnings of $0.87. d)Digby uses $0.13 of each dollar earned to purchase assets.

Midyear on July 31st, the Baldwin Corporation's balance sheet reported:

Total Assets of $209.828 million Total Common Stock of $6.350 million Cash of $10.050 million Retained Earnings of $46.731 million.

What were the Baldwin Corporation's total liabilities? Select: 1 $166.797 million. $163.097 million. $156.747 million. $146.697 million.

The Chester Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP) Select: 1 $4,908,000 $5,453,333 $2,454,000 $2,726,667

The Digby Company has just issued $7,235,640 in dividends last year. The effect of this payment on the balance sheet is: Select: 1 Expenses will increase $7,235,640 Equity will decrease $7,235,640 Liabilities will increase $7,235,640 Net Profit will decrease $7,235,640