VWX Corp is preparing its financial statements for the year ending December 31, 2023. The following information
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Question:
VWX Corp is preparing its financial statements for the year ending December 31, 2023. The following information is available:
| Item | Amount ($) |
|---|---|
| Total Assets (beginning) | $2,500,000 |
| Total Liabilities (beginning) | $1,500,000 |
| Net Income | $800,000 |
| Dividends Paid | $200,000 |
| Total Revenues | $2,500,000 |
| Total Expenses | $1,700,000 |
Requirements:
- Calculate the total equity at the end of the year.
- Determine the earnings per share if the company has 70,000 shares outstanding.
- Compute the return on assets (ROA).
- Determine the debt-to-equity ratio at the end of the year.
- Calculate the profit margin ratio.
- Compute the total assets at the end of the year.
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