FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 3 pts Last year Alexander Corp. had sales of $400,000 and a net income of $15,000, and its year-end assets were $425,000. The

image text in transcribed

Question 8 3 pts Last year Alexander Corp. had sales of $400,000 and a net income of $15,000, and its year-end assets were $425,000. The firm had $276,250 in total liabilities. Based on the DuPont equation, what was Alexander's ROE? 10.08% 24.35% 33.61% 18.95%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

Inefficient Markets An Introduction To Behavioral Finance

Inefficient Markets An Introduction To Behavioral Finance

Authors: Andrei Shleifer

1st Edition

0198292279, 978-0198292272

More Books

Students also viewed these Finance questions

Question

★★★★★
If offered the choice of receiving $1,000 today or $1,000 in one years time, which option would you choose, and why?

Answered: 1 week ago

Question

★★★★★
Explain how you could still compute a. P(-1.72 Z -.55) b. P(-1.72 Z .55) Is it necessary to tabulate (2) for negative? What prop- erty of the standard normal curve justifies your answer?

Answered: 1 week ago

Question

★★★★★
2. Find the Harvard Business Review posting, The Big Ideas: How to Solve the Cost Crisis in Healthcare. Read the article, but pay special attention to the section on myths in cost accounting. What...

Answered: 1 week ago

Question

★★★★★
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The companys most recent monthly contribution format income statement follows: A study indicates that $340,000 of the fixed...

Answered: 1 week ago

Question

★★★★★
3. (3 pts) Lagrange Multipliers - Assume that the risky returns are jointly Normal and use the method of Lagrange multipliers to find the optimal location on the MVF for an investor with exponential...

Answered: 1 week ago

Question

★★★★★
Qus 1 ( a ) : Draw a Binary Search Tree using the following data: [ 2 6 0 5 7 7 0 1 6 1 1 1 5 9 1 5 4 8 1 9 ] 1 ( 6 ) : Using the BST , write the data in ascending order. Is the BST balanced? 1 ( c )...

Answered: 1 week ago

Question

★★★★★
Find the A.P. whose 3rd term is 16 and the 7th term is 12 more than the 5th term.

Answered: 1 week ago

Question

★★★★★
How many multiples of 4 are there between 10 and 250?

Answered: 1 week ago

Question

★★★★★
How many three-digit numbers are divisible by 7?

Answered: 1 week ago

Question

★★★★★
The common difference of two arithmetic sequences is the same. If the difference of their 100th terms is 100, then what will be the difference of their 1000th terms?

Answered: 1 week ago

Question

★★★★★
Which term of ?.?.: 3, 15, 27, 39, ......will be 132 more than its 54th term?

Answered: 1 week ago

Previous Question Next Question