Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

Question 1 (3 points) What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000,

Question 1 (3 points) What is the ROA of a firm with $150,000 in average receivables, which represents 60 days sales, average assets of $750,000, and a profit margin of 9 percent? a) 7.5% Ob) 16.70% OC) 10.95% d) 9.0%

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

Artificial Intelligence For Audit, Forensic Accounting, And Valuation A Strategic Perspective

Authors: Al Naqvi

1st Edition

1119601886, 9781119601883

More Books

Students also viewed these Accounting questions

Question

★★★★★

Terry Nele invested $9,000 at 5% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Terry withdrew the accumulated amount...

Answered: 1 week ago

Question

★★★★★

Prove that if is an even function, then its nth Maclaurin polynomial contains only terms with even powers of x.

Answered: 1 week ago

Question

★★★★★

=+2 If she wants to study the differences in the relationship between Salary and Years

Answered: 1 week ago

Question

★★★★★

Joe Gaskins and Matthew Perry began operations of their furniture repair shop (New Again Furniture, Inc.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on...

Answered: 1 week ago

Question

★★★★★

Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding,...

Answered: 1 week ago

Question

★★★★★

Besserbrau AG is a German beer producer headquartered in Ergersheim, Bavaria. The company, which was founded in 1842 by brothers Hans and Franz Besser, is publicly traded, with shares listed on the...

Answered: 1 week ago

Question

★★★★★

Managing an emergency in iconic buildings is not an easy task. The building management or building owner needs to address the safety and health of the occupants and tenants in the building. Emergency...

Answered: 1 week ago

Question

★★★★★

Delorean Ltd operates a distillery that produces a well-known brand of gin. Delorean Ltd has issued capital of $10 million consisting of 1,000,000 ordinary shares. The company's constitution does not...

Answered: 1 week ago

Question

★★★★★

The article does provide support for the relevant OSHA standards surrounding the topic. The article discusses the findings of a study on electrical safety beliefs and practices. The study found that...

Answered: 1 week ago

Question

★★★★★

Comparison of APPLE and MICROSOFT corporate governance. To what extent the corporate governances are similar and to what extent they are different, how they reflect good governance principles such as...

Answered: 1 week ago

Question

★★★★★

Victor and George are friends who have recently graduated from Greenstreet University with a degree in fashion design. They discuss an idea of setting up a fashion design business in London. Having...

Answered: 1 week ago

Question

★★★★★

research at least 2 of the following codes of ethics: (ISC)2 Code of Ethics The International Council of Electronic Commerce Consultant (EC-Council) System Administration, Networking, and Security...

Answered: 1 week ago

Question

★★★★★

=+1. Why do firms exist? What value do businesses serve for society?

Answered: 1 week ago

Question

★★★★★

3 What, if any, changes in the amount and processes of participation are desirable?

Answered: 1 week ago

Question

★★★★★

2 What participation techniques are used?

Answered: 1 week ago

Previous Question Next Question