Addai company has provided the following comparative information:
20y8 20y7 20y6 20y5 20y4 <...
Business, 21.12.2019 04:31, evanwall91
Addai company has provided the following comparative information:
20y8 20y7 20y6 20y5 20y4
net income $273,406 $367,976 $631,176 $884,000 $800,000
interest expense 616,047 572,003 528,165 495,000 440,000
income tax expense 31,749 53,560 106,720 160,000 200,000
total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000
total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000
average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000
average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000
you have been asked to evaluate the historical performance of the company over the last five years. selected industry ratios have remained relatively steady at the following levels for the last five years:
20y4–20y8
return on total assets 28%
return on stockholders’ equity 18%
times interest earned 2.7
ratio of liabilities to stockholders’ equity 0.4
required:
determine the folllowing:
a. return on total assets:
b. return on stockholders' equity:
c. times interest earned:
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 15:30, graciemccain
On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
Answers: 3
Business, 22.06.2019 18:00, KayBJ2005
Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
Answers: 3
Business, 22.06.2019 19:00, karmaxnagisa20
By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e. g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i. e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?
Answers: 1
Business, 22.06.2019 19:30, brianna218208
He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31
Answers: 2
Do you know the correct answer?
Questions in other subjects:
Chemistry, 22.06.2019 08:30
English, 22.06.2019 08:30
Social Studies, 22.06.2019 08:30
English, 22.06.2019 08:30
