Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following assumptions to determine return on assets (exclude cash from total assets, the way we did it in the video): Revenue = $1580,

image text in transcribed

image text in transcribed

Use the following assumptions to determine return on assets (exclude cash from total assets, the way we did it in the video): Revenue = $1580, gross margin percentage = 65%, operating expenses = $523, interest expense = $20, income tax rate = 30%, Cash = $1800, inventory = $600, equipment = $500, accumulated depreciation = $200. O 13% O 14% O 19% O 38% O none of these Given the following, what is the interest coverage ratio? Revenue = $1500, gross margin = 50%, operating expenses = 40% of revenue, interest expense = $20, income tax rate = 30%. O 5.0 0 7.5 O 10.0 O 12.5 O none of these

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

Audit And Assurance Q And A 2019

Authors: ACA Simplified

1st Edition

1792949863, 978-1792949869

More Books

Students also viewed these Accounting questions

Question

What magazine and ads did you choose to examine?

Answered: 1 week ago