Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

The Destin Company reported net income of $50,000 an sales of $300,000. The company has total assets of $500,000 and total liabilieies of $100,000, what

image text in transcribed

The Destin Company reported net income of $50,000 an sales of $300,000. The company has total assets of $500,000 and total liabilieies of $100,000, what is the company's return on equity ratio?Round your final answer to 2 decimal Places)

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

Cost Accounting

Authors: Mark Lee Inman

2nd Edition

0434908320, 978-0434908325

More Books

Students also viewed these Accounting questions

Question

★★★★★

Elena Wilhelm is responsible for developing a comprehensive sales training program for her organization. The following table describes the relationships between the activities that need to be...

Answered: 1 week ago

Question

★★★★★

1-10. Select a brand in a different product category and create a responsive campaign that incorporates online, mobile, and social media to create customer engagement. How would you measure the...

Answered: 1 week ago

Question

★★★★★

identify the major consequences of burnout, boredom and engagement;

Answered: 1 week ago

Question

★★★★★

In The Effect of Nozzle Design on the Stability and Performance of Turbulent Water Jets (Fire Safety Journal, Vol. 4, August 1981), C. Theobald describes an experiment in which a shape measurement...

Answered: 1 week ago

Question

★★★★★

Smoky Mountain Corporation makes two types of hiking bootsthe Xtreme and the Pathfinder. Data concerning these two product lines appear below: Xtreme Pathfinder Selling price per unit $ 121.00 $...

Answered: 1 week ago

Question

★★★★★

If : X ? Y is any function, : ? :f ? f is a homomorphism. ring1) prove that if (f)=0 then f=0.2) show that if p is injective then p* is surjective?

Answered: 1 week ago

Question

★★★★★

with detailed solution clear photo B. Solve the following problems 1. The weights of three pieces of wood were 1.543 + 0.003 g, 2.2233 + 0.0002 g, and 2.9342 + 0.0005 g. a. What is the absolute...

Answered: 1 week ago

Question

★★★★★

As a property analyst, you are required to carry out a ratio analysis report for your client who has an opportunity to purchase an income-producing property in Sydney. You must identify an...

Answered: 1 week ago

Question

★★★★★

(1) What clues caused Jane to suspect fraud was likely to involve ? (2) Is it important for CFEs or auditors to follow up any inconsistencies, even tiny and small? (3) In this case 1, What are Gus...

Answered: 1 week ago

Question

★★★★★

Each year, Forbes, magazine compiles a lists of the 400 richest Americans. The table below includes the top 8 on the list. Determine the population variance. Round your answer to the nearest tenth,...

Answered: 1 week ago

Question

★★★★★

Curtis invests $825,000 in a city of Athens bond that pays 10.00 percent interest. Alternatively, Curtis could have invested the $825,000 in a bond recently issued by Initech, Inc. that pays 13.00...

Answered: 1 week ago

Question

★★★★★

How would you summarize employees top concerns when theyre separated, based on this video? Do you agree with the lawyer?

Answered: 1 week ago

Question

★★★★★

Do you think based on the video that PTC has an effective career planning program? Why? What (if anything) would you suggest they do to improve the program?

Answered: 1 week ago

Question

★★★★★

To what extent do you think what PTC is doing will improve employee retention and turnover? Why? What else would you suggest they do? Why?

Answered: 1 week ago

Previous Question Next Question