Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to solve for ROA. Your answer should be entered as a percent. For example 7.31% should be entered as 7.31. Include

Use the following information to solve for ROA. Your answer should be entered as a percent. For example 7.31% should be entered as 7.31. Include two decimals and a negative if appropriate Current Assets are $96, net fixed assets are $154, current liabilities are $78 and long term debt is $37Revenue is $188, total operating expenses are $69, depreciation expense is $37Interest expense is $21 and taxes are $31

Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $8,521,515, accurals of $647,785, inventory of $2,128,812, accounts receivable of $685,178, accounts payable worth $2,289,809, and notes payable worth $557,893. Their net fixed assets were $3,761,947 while their long-term debt was $1,913,869. Calculate the firm's Total Liabilities.

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

Entrepreneurial Financial Management An Applied Approach

Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman

5th Edition

0367335417, 978-0367335410

More Books

Students also viewed these Finance questions

Question

5. Talk at the right times with the right tone of voice and volume.

Answered: 1 week ago