Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $45 million, total equity of $12 million, debt to equity

image text in transcribed

Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $45 million, total equity of $12 million, debt to equity ratio of 0.5, and a retention rate of 65%, Gateway's ROA is closest to: A. 5.625%. B. 3.656%. C. 2.500%

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

The Lifestyle Investor

Authors: Justin Donald, Ryan Levesque, Mike Koenigs

1st Edition

1636800130, 978-1636800134

More Books

Students also viewed these Finance questions

Question

★★★★★

A new method of guided bone regeneration was evaluated in the Journal of Tissue Engineering (Vol. 3, 2012). The method involves attaching a titanium plate and silicon membrane to the underlying bone...

Answered: 1 week ago

Question

★★★★★

Suggest who might be stakeholders in a university student records system. Explain why it is almost inevitable that the requirements of different stakeholders will conflict in some way.

Answered: 1 week ago

Question

★★★★★

It might be helpful to also include consultation with Christophers parents, his teachers and even the school administrators regarding intervention planning for Christopher. What would be the goal of...

Answered: 1 week ago

Question

★★★★★

At December 31, 2014, Torrealba Company reported the following as plant assets. During 2015, the following selected cash transactions occurred. April 1 Purchased land for $1,200,000. May 1 Sold...

Answered: 1 week ago

Question

★★★★★

Calculate convenience yield for magnoosium scrap from the following information: (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) . Spot price:...

Answered: 1 week ago

Question

★★★★★

23 - Write an assignment statement that adds "homeworkScoreOne", "homeworkScoreTwo", and "homeworkScoreThree", and also divides the sum of those by 3.0 (make sure to use the double version of this...

Answered: 1 week ago

Question

★★★★★

Consider the following scenario: I am an architect who has decided to start her own architectural practice. As an architect, I use both practical and theoretical knowledge into the technical design...

Answered: 1 week ago

Question

★★★★★

BJ Enterprise has inspected the work done by its employee yesterday. 8 staff production staff have been chosen as samples. 50 products produced by each sample have been examined and defects found are...

Answered: 1 week ago

Question

★★★★★

This week we are examining the relationship between motivation theory and pay structure within organizations. Employees are motivated in various ways to perform at work. All employees seek a certain...

Answered: 1 week ago

Question

★★★★★

Find the typical data value of the data set.35 43 16 30 20 32 25 26 32 30 18 35 21 27 34 5 38 31 38 41 15 22 28 38 Suppose the following data set gives the age a person first receives a winning...

Answered: 1 week ago

Question

★★★★★

x-3+1, x23 Let f(x) = -*+3, * Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Develop skills for building positive relationships.

Answered: 1 week ago

Question

★★★★★

Describe techniques for resolving conflicts.

Answered: 1 week ago

Question

★★★★★

Give feedback effectively and receive it appropriately.

Answered: 1 week ago

Previous Question Next Question