Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dogs 4U Supplies Inc. is a popular chain of stores in the region; its finance department has asked for your help. The firm has provided
Dogs 4U Supplies Inc. is a popular chain of stores in the region; its finance department has asked for your help. The firm has provided the information shown below. Rounding your answer to two decimals, what is Dogs 4 U Supplies' Return on Assets (ROA)? Enter your answer as a full percentage number, for example, if you want to answer 23.58% you must enter 23.58
Revenue | $12,247,066 |
Accounts Receivable | $692,980 |
Interest Expense | $193,376 |
Total Operating Expense | $2,401,863 |
Current Liabilities | $507,760 |
Total Assets | $44,368,131 |
Cost of Goods Sold | $4,471,593 |
Tax rate | 31% |
Common Stock Dividends | $8 |
Shares Outstanding | 1,826,699 |
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