Business
Accounting
Moore Optical, Inc., provides a full line of designer eyewear

Moore Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Moore reported the following

Question:

Moore Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Moore reported the following information for 2014 and 2013:

Compute return on assets (ROA) for 2014 and 2013. Using the DuPont model, identify the components and state whether each improved or worsened from 2013 to2014.

Transcribed Image Text:

2014 2013 Sales revenue Net incomc.... Average total asse $500,000 $450,000 37,500 33,600 $250,000 $240,000 ……

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 73% (15 reviews)

DuPont Analysis Net profit margin ratio X Total asset turnover ROA Net incomeNet sales ...View the full answer

Answered By

Fahmin Arakkal

Tutoring and Contributing expert question and answers to teachers and students. Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs. Responsible for Creating, Editing, Updating all contents related Chemical Engineering in latex language

4.40+ 8+ Reviews 22+ Question Solved

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0133427530

10th edition

Authors: Walter Harrison, Charles Horngren, William Thomas

See More Books

Question Posted: Jul 25, 2014 07:50 AM

See More Questions

Students also viewed these Accounting questions

Oscar Optical Corporation provides a full line of designer eyewear to consumers. Oscar reported the following information for 2018 and 2017: Compute return on assets (ROA) for 2018 and 2017. Using...
Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following information for 2012 and 2013: Compute return on assets for 2012 and2013. 2013 2012...
Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following information for 2016 and 2017: ____________________________________________ 2017...
In Fig. P2.72 gate AB is circular. Find the moment of the hydrostatic force on this gate about axis A. Neglect atmospheric pressure.
Determine the following: a. For n = 4 and = 0.12, what is P(Y = 0)? b. For n = l0 and = 0.40, what is P(X = 9)? c. For n = 10 and = 0.50, what is P(X = 8)? d. For n = 6 and = 0.83, what is P(X =...
The Sunshine Bottling Company bottles soft drinks that it distributes to retail outlets from nine warehouses in the Michigan area. A single bottling plant is located in Flint, Michigan. The product...
A 6-cylinder, 4-stroke, single acting petrol engine develops $50 \mathrm{~kW}$ brake power at $4200 \mathrm{rpm}$ and brake thermal efficiency is $22 \%$. The temperature and pressure at the...
On December 31, 2013, Ogleby Associates owned the following securities that are held as long-term investments. On this date, the total fair value of the securities was equal to its cost. The...
Pina Colada Company buys merchandise on account from Pina Colada Corp.. The selling price of the goods is $1,350, and the cost of the goods is $950. Both companies use perpetual inventory systems....
Kerosene at 20C flows through a contraction section as shown. A pressure gage connected between the upstream pipe and throat section shows a pressure difference of 25 kPa. The gasoline velocity in...
In 2014, FPT, Inc., reported $200 million in sales, $15 million in net income, and average total assets of $83 million. What is FPTs return on assets in 2014?
During 2014, Richardson Satellite Systems, Inc., purchased two other companies for $8 million in cash. Also during 2014, Richardson made capital expenditures of $4.2million in cash to expand its...
Give the equations for conversion from rectangular to cylindrical coordinates and vice versa.
State, in brief, the relevant legal provisions in case of audit of banks.
What is a government company?
What are the contents of cost audit report?
State the practices that should be followed by the bank in respect to the following: a. Provision for doubtful debts. b. Income recognition.
You have been appointed as the auditor of a company, which maintains its accounts on computers. Write in detail the audit approach that you would follow in the case of the company.
The coordination number of Pt in the complex ion [PtCl 2 (en) 2 ] 2+ is (a) 2; (b) 3; (c) 4; (d) 5; (e) 6.
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
The supply chain is the process by which products, information, and money move between a supplier and the consumer. True or False
Top managers of Bryan Products, Inc., have asked for your help in comparing the company's profit performance and financial position with the average for the industry. The accountant has given you the...
You are evaluating two companies as possible investments. The two companies, which are similar in size, are commuter airlines that fly passengers up and down the East Coast. All other available...
Financial statement data of Morgan Engineerign include the following items: Requirements 1. Compute Morgan's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places....
6. Consider the following algorithm. Give a function with one term and coefficient 1 g(n) such that the running time of this algorithm is (g(n)), and briefly explain. public static int funkySum...
In the diagram, let U = {all objects}, B = {all students who live in Hartford}, = {students majoring in math}, and R = {students taking a course with Professor Antonio} B M 1 2 3 5 + 6 7 8 R In which...
Risk Identification: Disruption Disruption Assessment: Assessment: Risk Risk Probability Risk 1: Cyberwarfare 1 Consequence 5 Risk 2: Natural 1 5 Diaster Risk 3: Supplier 2 2 closure Risk 4:...

Sorting At The Market 1st Edition - ISBN: 1432949357 - Free Book

Study smarter with the SolutionInn App