Question
The Good Word Store reported the following figures: Retained Earnings, January 31, 2017........................$33,000,000 Retained Earnings, January 31, 2018.........................$16,000,000 Total Stockholders' Equity, January 31, 2017.............$32,000,000 Total
The Good Word Store reported the following figures: Retained Earnings, January 31, 2017........................$33,000,000 Retained Earnings, January 31, 2018.........................$16,000,000 Total Stockholders' Equity, January 31, 2017.............$32,000,000 Total Stockholders' Equity, January 31, 2018..............$28,000,000
What is return on assets? (Round your final answer to two decimal places, X.XX%) A.)29.63% B.)20.51% C.)40.74% D.)28.21%
On December 31, Clorine Corporation has the following data available:
Net Income $190,000 Interest expense 20,000 Preferred dividends 30,000 Total assets at the beginning of the year 810,000 Total assets at the end of the year 750,000 Total stockholders' equity at the beginning of the year 600,000 Total stockholders' equity at the end of the year 480,000
The company's fiscal year ends on January 31 each year. Dividends declared for the fiscal year ending January 31, 2018 are $12,000,000. What is the net income or net loss for the fiscal year ending January 31, 2018? A.)$17,000,000 net loss B.)$4,000,000 net loss C.)$12,000,000 net loss
D,) $5,000,000 net loss
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