Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 30, 2024

Ginobili Company has Total assets $19,837 Total Liabilities 8,230 Net income 3,802 Interest expense 1,090 Taxes 1,951 What is Ginobili's Return on equity? (Answer as

Ginobili Company has

Total assets	$19,837
Total Liabilities	8,230
Net income	3,802
Interest expense	1,090
Taxes	1,951

What is Ginobili's Return on equity? (Answer as a % and Round to 2 decimal places). FOr example, if your calculation is .1111, answer as 11.11)

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

Recommended Textbook for

Auditing Information Systems And Controls The Only Thing Worse Than No Control Is The Illusion Of Control

Authors: Ed Danter

1st Edition

1425763227, 978-1425763220

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following questions are used in the Kaplan CPA Review Course to study balance sheet presentation, financial disclosures, and liquidity ratios while preparing for the CPA examination. Determine...

Answered: 1 week ago

Question

★★★★★

31. In calculating the future value of ten $5,000 deposits made at the end of each of the next 20 years, earning interest of 10%, which compound interest table should be used? a. Future value of 1 b....

Answered: 1 week ago

Question

★★★★★

10.8 Lobsters In a study of the infestation of the Thenus orientalis lobster by two types of barnacles, Octolasmis tridens and O. lowei, the carapace lengths (in millimetres mm) of 10 randomly...

Answered: 1 week ago

Question

★★★★★

On April 22, 2016, Sandstone Enterprises purchased equipment for $129,200. The company expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual...

Answered: 1 week ago

Question

★★★★★

Why is it important to consider phantom readers when writing a communication? A. You can make sure to highlight information so that your communication will last for many years to come. B. You can...

Answered: 1 week ago

Question

★★★★★

A corporation reported the following information for the past year: Net income $200,000 Depreciation expense $30,000 Gain on sale of truck $5,000 Proceeds from sale on truck $8,000 Decrease in...

Answered: 1 week ago

Question

★★★★★

LMP Limited is a company founded by a group of marketing consultants. They had taken advantage of their clients career placement services, and thought they could offer additional supplemental...

Answered: 1 week ago

Question

★★★★★

Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:...

Answered: 1 week ago

Question

★★★★★

Can you discuss some aspect of the source that is interesting and why. Be sure to relate your post to some type of workplace hazard and/or method(s) for protecting employees from the hazard...

Answered: 1 week ago

Question

★★★★★

Use the following sections to write an essay on differentiated/decision- making theory in education a. Introduction b. Literature review c. Strengths and weakness d. Conclusion

Answered: 1 week ago

Question

★★★★★

Operating Leverage. Airlines offer an example of an industry in which the degree of operating leverage is fairly high. Why? Taking the public information of the last Annual Report published by an...

Answered: 1 week ago

Question

★★★★★

Prepare an electronic rsum.

Answered: 1 week ago

Question

★★★★★

Strengthen your personal presence.

Answered: 1 week ago

Question

★★★★★

Identify the steps to follow in preparing an oral presentation.

Answered: 1 week ago

Previous Question Next Question