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Selected information from the balance sheet of yogi Corp. for a recent year are provided below sales equal 37213 net income equals 1825 total assets
Selected information from the balance sheet of yogi Corp. for a recent year are provided below sales equal 37213 net income equals 1825 total assets equals 20000 total liabilities equals 7444 stockholders equity equals 12556 interest expense equals 370 tax rate equals 38% Assets include: cash 420 short term investment 1000 account receivable 580 PPE equals 18,000 liabilities include: account payable 5500 short term debit 44 deferred tax liabilities, 1500 and long-term debit 400. A. Compute RNOA and ROE. B. is leverage beneficial or detrimental to the company
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