Question
Jodie Foster Care Homes Inc. displays the following data: Year Net income Total Assets Equity Shareholders Total debt 20X1 ps 136,000 ps 2,000,000 ps 761,000
Jodie Foster Care Homes Inc. displays the following data:
| Year | Net income | Total Assets | Equity Shareholders | Total debt | ||||
| 20X1 | ps | 136,000 | ps | 2,000,000 | ps | 761,000 | ps | 1,239,000 |
| 20X2 | 188,000 | 2.530.000 | 998,000 | 1.532.000 | ||||
| 20X3 | 183,000 | 2,100,000 | 870.000 | 1,230,000 | ||||
| 20X4 | 273,000 | 2.160.000 | 1,220,000 | 940,000 | ||||
A-1. Calculate the ratio of net income to total assets for each year. (Enter your answers as a percentage rounded to 2 decimal places.)
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B-1. Calculate the ratio of net income to stockholders' equity each year. (Enter your answers as a percentage rounded to 2 decimal places.)
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Step by Step Solution
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Step: 1
A1 To calculate the ratio of net income to total assets we use the formula Return ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
