Question: Brudvik Company has total liabilities of 350 000 and total
Brudvik Company has total liabilities of $ 350,000 and total owners’ equity of $ 500,000. The company had net income of $ 66,000 after deducting interest expense of $ 8,000. This is a proprietorship and, as such, does not pay income tax on its net income. Compute the return on assets and the return on owners’ equity. What is the debt- to- equity ratio? What is the times interest earned ratio?
Answer to relevant QuestionsClassify each of the following businesses by type (service, merchandising, and/ or manufacturing): A. H& R Block, Inc. B. Walt Disney Company. C. Ford Motor Co. D. eBay E. PepsiCo, Inc. F. Dell, Inc. G. Wal-Mart Stores, ...Merritt, Inc. has revealed the following items: Amounts owed by Merritt, Inc., to employees, $ 3,000 Amounts owed by Merritt, Inc., to suppliers, $ 50,000 Amounts owed to Merritt, Inc., by customers, $ 75,000 Building ...As you learned in Chapter 17, the Du Pont return on investment formula calculates return on investment (return on assets) using return on sales and asset turnover. Using the following information, determine the missing ...Nagell Industries has a return on sales ratio of 5 percent and a return on assets ratio of 20 percent. For each of these transactions or changes, determine the effect of the transaction on the return on sales and return on ...The following list of accounts was adapted from the annual report of Wiley Industries: Cash and cash equivalents ........ $ 21,989,062 Marketable securities ........... 9,199,490 Notes receivable, current, net ....... ...
Post your question