The following information is available for the Memphis and Billings companies:
Memphis Billings
Sales $1,500,000 $1,500,000
Cost of goods sold 1,050,000 1,125,000
Operating expenses 350,000 250,000
Total assets 1,800,000 1,800,000
Stockholders’ equity 720,000 720,000
Required
a. Prepare a common size income statement for each company.
b. Compute the return on assets and return on equity for each company.
c. Which company is more profitable from the stockholders’ perspective?
d. One company is a high-end retailer, and the other operates a discount store. Which is the discounter?
Answers: 1
Business, 22.06.2019 00:00, kyllow5644
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
Business, 23.06.2019 14:30, ashhleyjohnson
Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.
Answers: 1
Business, 23.06.2019 15:30, animaljamissofab
Match the income tax return forms with the individuals who need to file them. non resident aliens with no dependents non resident aliens single or joint fillers with no dependents individual income tax returns form 1040ez arrowright form 1040nr arrowright form 1040nr-ez arrowright form 1040
Answers: 3
The following information is available for the Memphis and Billings companies:
Memphis Billings
Mathematics, 11.01.2020 17:31