Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 08, 2020

If a company's ROA is 5% and its total assets to total equity ratio is 2. what is its ROE (return on equity)? Enter your

If a company's ROA is 5% and its total assets to total equity ratio is 2. what is its ROE (return on equity)? Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43 (%) instead of 0.0843)

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Solution Return on Assets Net Income Total Assets10... 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

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

Investments Analysis and Management

Authors: Charles P. Jones

12th edition

978-1118475904, 1118475909, 1118363299, 978-1118363294

More Books

Students also viewed these Finance questions

Question

★★★★★

Problem 1 (40 points). Suppose Lucky, Dusty and Ned are identical in all respects, except utility. Lucky has U = W1.5, Dusty has U = 1 + 2W, and Ned has U = In W. Lucky, Dusty and Ned each have...

Answered: 1 week ago

Question

★★★★★

What information does the return on assets ratio provide about a company?

Answered: 1 week ago

Question

★★★★★

Company S has the following stockholders equity on January 1, 2015: Common stock ($1par, 100,000 shares) ............... $100,000 6%preferred stock ($100par, 2,000 shares ............. 200,000...

Answered: 1 week ago

Question

★★★★★

Two moles of an ideal monatomic gas go through the cycle abc. For the complete cycle, 800 J of heat flows out of the gas. Process ab is at constant pressure, and process bc is at constant volume....

Answered: 1 week ago

Question

★★★★★

Jean Karns is the new owner of Jean's Computer Services. At the end of July 2017, her first month of ownership. Jean is trying to prepare monthly financial statements. She has the following...

Answered: 1 week ago

Question

★★★★★

Cost Reconciliation ReportWeighted-Average Method [LO5] Lech-Zurs Bakerie Corporation uses a process costing system. The Baking Department is one of the processing departments in its apple strudel...

Answered: 1 week ago

Question

★★★★★

How would you describe the work atmosphere?

Answered: 1 week ago

Question

★★★★★

CU, Incorporated, ( CUI) produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity, Q, to meet the annual demand at the lowest cost. The price of copper...

Answered: 1 week ago

Question

★★★★★

4. To expand its business, the BBQ factory would like to issue a bond with par value of $1,000, coupon rate of 8 percent, and maturity of 12 years from now. What is the value of the bond if the...

Answered: 1 week ago

Question

★★★★★

According to a Bureau of Labor Statistics release of March 25, 2015, statisticians earn an average of $84,010 a year. Suppose that the current annual earnings of all statisticians have the mean and...

Answered: 1 week ago

Question

★★★★★

A loan of $36,999.95 is to be repaid by payments at the end of each quarter for eight years. Each payment is 5% higher than its predecessor. The loan is made at a nominal rate of discount of 4%...

Answered: 1 week ago

Question

★★★★★

Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of...

Answered: 1 week ago

Question

★★★★★

For this activity, utilize the five - step process and the following data set. ( 2 5 pts ) The two populations are: Population A: Mean = 7 9 , ???? ???? = 7 Population B: ( sample of one ) : Raw...

Answered: 1 week ago

Question

★★★★★

SB (Algo) Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process [LO 3-2, 3-4] [The following information applies to the questions displayed below.] Silver...

Answered: 1 week ago

Question

★★★★★

What does De Soto mean by "strong, innovative economic markets"? A. These are markets that use existing technology to produce new goods and services. B. These are markets that are profitable for...

Answered: 1 week ago

Question

★★★★★

Using the Federal Rules of Evidence. What would be a given analysis of this scenario? On an open stretch of a two-lane highway in Nevada Jay Gadsby, traveling eastbound in a red Z -car with racing...

Answered: 1 week ago

Question

★★★★★

The concept of "smart industries" is more than automating traditional processes. True False

Answered: 1 week ago

Question

★★★★★

A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...

Answered: 1 week ago

Question

★★★★★

Suppose an investor purchases a put option on a Treasury bond futures contract with a strike price of $97. a. If at the expiration date the price of the Treasury bond futures contract is $99, will...

Answered: 1 week ago

Question

★★★★★

What are the benefits to society of an efficient market?

Answered: 1 week ago

Question

★★★★★

When would an investor likely do the following? a. Buy a call on a stock index. b. Buy a put on interest rate futures

Answered: 1 week ago

Question

★★★★★

As an inhabitant of earth? Determine your worldview by considering your answers to the following questions. Put the answers on one page, if possible, so that you can see how they correspond to one...

Answered: 1 week ago

Question

★★★★★

Look up information about one of these intractable issues: Sudan, Israel, Ireland, Guatemala, or another of your choice. Try to summarize the positions of the major parties to the conflict. How would...

Answered: 1 week ago

Question

★★★★★

As an employee? Determine your worldview by considering your answers to the following questions. Put the answers on one page, if possible, so that you can see how they correspond to one another. Are...

Answered: 1 week ago

Previous Question Next Question