Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and net fixed assets of
Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and net fixed assets of $23,700. The owners' equity has a book value of $21,400. What is the amount of the net working capital?
Question 13 options:
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$5,100
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($4,900)
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$6,500
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$18,800
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($2,600)
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Chess, Inc. has total equity of $35000, sales of $111000, depreciation expense of $2100 in the prior year, total assets of $58000, and a profit margin of 6%. Please calculate the ROE:
Question 14 options:
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8.94%
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5.88%
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14.32%
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19.03%
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12.22%
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