Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 24, 2024

Profit for Tamarisk Inc., was $9300 in 2021. Shareholders' equity was $108000 at December 31 2019, $201000 at December 31, 2020, and $301000 at December

Profit for Tamarisk Inc., was $9300 in 2021. Shareholders' equity was $108000 at December 31 2019, $201000 at December 31, 2020, and $301000 at December 31, 2021. Return on equity for 2021 is 3.71%. O 3.09% O 4.63% O 8.61%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

=+6.13. 1 A number @ in the unit interval is completely normal if, for every base b and every k and every k-tuple of base-b digits, the k-tuple appears in the base-b expansion of w with asymptotic...

Answered: 1 week ago

Question

★★★★★

The following data were accumulated for use in reconciling the bank account of Spectrum Co. for July: a. Cash balance according to the company's records at July 31, $8,346.50. b. Cash balance...

Answered: 1 week ago

Question

★★★★★

Time left Identity which of three statements are TRUE About Bonds a Bond issues that mature in installments are called serial bonds b. Companies usually make bond interest payments semiannually,...

Answered: 1 week ago

Question

★★★★★

13. When would it make sense to select a joint-last-to-die permanent life insurance? (multi) a) to save policy fees to cover a mortgage b) to make sure there are funds to support your spouse c) to...

Answered: 1 week ago

Question

★★★★★

A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 1 week ago

Question

★★★★★

Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 1 week ago

Question

★★★★★

The amount of pollutants that are found in waterways near large cities is normally distributed with mean 9 ppm and standard deviation 1.3 ppm. 38 randomly selected large cities are studied. Round all...

Answered: 1 week ago

Question

★★★★★

Your faculty member will divide the class into teams. Each team will select a specific organization they will be developing the security program for a hospital, college, government building, or...

Answered: 1 week ago

Question

★★★★★

2. You are working for a glider manufacturer and have been asked to analyse the laminar boundary layer at a certain point on the smooth wing. The velocity profile at this point, u(y), is given by: u...

Answered: 1 week ago

Previous Question Next Question