Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is considered a profitability ratio?: * a . Return on assets ratio b . Debt to total assets ratio c .

Which of the following is considered a profitability ratio?: *
a. Return on assets ratio
b. Debt to total assets ratio
c. Current ratio
d. Receivables turnover ratio
e. None of the above
During the year Acme Corporation had net income of $20,000, shareholder dividends of
$15,000 and revenues of $60,000. What expenses were recognized?: ?**
a. $5,000
b. $15,000
c. $25,000
d. $40,000
e. $80,000
During the year, XYZ Company has average receivables of $1,000,000, sales of
$2,000,000, net income of $100,000 and dividends of $35,000. Calculate XYZ Company's
profit margin ratio.: *
a.0.02
b.0.03
c.0.05
d.0.06
e.0.10
image text in transcribed

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

Horngrens Accounting The Managerial Chapters

Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

11th Global Edition

1292105879, 978-1292105871

More Books

Students also viewed these Accounting questions

Question

3 What are the four major aspects of an organisation culture?

Answered: 1 week ago

Question

2 What does the term organisation culture mean?

Answered: 1 week ago