Alpha company Income statement for the year ended 31/12/2019 Sales Cost of goods sold Depreciation Administrative...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Alpha company Income statement for the year ended 31/12/2019 Sales Cost of goods sold Depreciation Administrative expense EBIT Interest Expense Profit before tax Taxes Net income $ 945 618 20 210 97 35 62 12 50 Assets Alpha Company Balance sheet as at 31/12/2019 $ Liabilities Cash Accounts receivable Inventory Current assets Non current assets Total Assets Additional Information Closing Balances as at 31/12/2018 Assets $641, Owner's Equity $262, Accounts Receivable $72, Inventory $50 105 76 45 226 Select one: a. used Alpha's assets more effectively than it's major competitor b. used Alpha's assets less effectively than it's major competitor c. used Alpha's assets equally as effectively as it's major competitor d. Cannot be determined 440 666 Short term debt Accounts payable Accruals Current liabilities Long term debt Owners Equity Ord paid up capital Retained earnings The Alpha company operates in the electronics industry. If the management of Alpha, determined that their major competitor achieved a Return on Asset of 10% for the 2019 year, then it could be said that Alpha's management..........select the correct answer from below. $ 9 3 13 22 20 11 66 Alpha company Income statement for the year ended 31/12/2019 Sales Cost of goods sold Depreciation Administrative expense EBIT Interest Expense Profit before tax Taxes Net income $ 945 618 20 210 97 35 62 12 50 Assets Alpha Company Balance sheet as at 31/12/2019 $ Liabilities Cash Accounts receivable Inventory Current assets Non current assets Total Assets Additional Information Closing Balances as at 31/12/2018 Assets $641, Owner's Equity $262, Accounts Receivable $72, Inventory $50 105 76 45 226 Select one: a. used Alpha's assets more effectively than it's major competitor b. used Alpha's assets less effectively than it's major competitor c. used Alpha's assets equally as effectively as it's major competitor d. Cannot be determined 440 666 Short term debt Accounts payable Accruals Current liabilities Long term debt Owners Equity Ord paid up capital Retained earnings The Alpha company operates in the electronics industry. If the management of Alpha, determined that their major competitor achieved a Return on Asset of 10% for the 2019 year, then it could be said that Alpha's management..........select the correct answer from below. $ 9 3 13 22 20 11 66
Expert Answer:
Answer rating: 100% (QA)
Calculation of return on Assets of Alpha Company for the Year 2019 Return on Assets Net Income ... View the full answer
Related Book For
Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
Posted Date:
Students also viewed these accounting questions
-
Selling price = $15 per unit Variable costs - variable manufacturing costs = $5 per unit variable selling costs = $2 per unit Fixed costs - Fixed manufacturing costs = 4 per unit Fixed selling costs...
-
The Student Services Department at a Prince Edward Island college wants to see whether there are differences in the study habits of male and female students. A random sample of female students is...
-
The Student Services Department at a Prince Edward Island college wants to see whether there are differences in the study habits of male and female students. A random sample of female students is...
-
You use the following data to calculate your stock value. Assume you use the historical geometric average growth rate (rounded to 2 decimals) for initial growth rate for 4 years. Then you believe it...
-
If an employer contributes to an HSA on behalf of an employee,: a. Is the contribution deductible by the employee? b. Is the payment considered income to the employee?
-
Starting with import numpy my2dlist = [[1,2,3], [4,5,6],[7,8,9]] Identify how to create a numpy array
-
What the paralegals role is in the litigation process?
-
The following amounts summarize the financial position of Rodriguez Computing, Inc., on September 30, 2016: During October 2016, Rodriguez Computing completed these transactions: a. The business...
-
Suppose that the maximum unit sales in a quarter that Pappy's can achieve is121,000 units of each product. How many units of each model should Pappy's produce in a quarter?
-
The 'estimating trumpet' illustrates tolerances and expectations around levels of estimating accuracy across the life cycle. How do the tolerances resonate with your organisation's expectations...
-
Rummaze Crafts, an artificial intelligence (AI) inspired robotic company specializing in the use of Al to manufacture handcrafted wooden sculptures, anticipates incurring $250,000 in fixed...
-
Langley Clinics, Inc., buys $400,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers Langley terms of 2.5/10, net 45. Currently, Langley...
-
Review the numbers for Canada and Venezuela from Table 33.12 which describes how many barrels of oil and tons of lumber the workers can produce. Use these numbers to answer the rest of this question....
-
Orion Motors manufactures cars. Classify each of the following quality costs as either prevention, appraisal, internal failure, or external failure. 1. Inspecting raw materials \(\$ 60,000\) 2....
-
Refer to the information in Exercise D-12. Prepare a cost of quality report. Data from Exercise D-12. Orion Motors manufactures cars. Classify each of the following quality costs as either...
-
Discuss some factors that health services managers must consider when setting a firms target capital structure. Consider both investor-owned and not-for-profit firms in your answer.
-
Following are the questions of case study: Question:1 What is the evaluation you need to make OR decision you need to make OR problem you need to diagnose? Answer should be clear (easy to read - 1...
-
Complete the following acid-base reactions: (a) HCCH + NaH
-
Sirius XM Radio Inc. is a satellite radio company, formed from the merger of Sirius and XM in 2008. Exhibit 3.25 presents a statement of cash flows for Sirius XM Radio for 2006, 2007, and 2008....
-
Access the investor relations or corporate information section of the websites of American Airlines (www.aa.com), Intel (www.intel.com), and Disney (disney.go.com). Study the business strategies of...
-
Ford Motor Credit Company discloses the following information with respect to finance receivables (amounts in millions). Required a. Applying the criteria for the sale of receivables from FASB...
-
Refer to the data for Jen Weaver Insurance in Problem 4-34B. After journalizing and posting Weaver's adjusting and closing entries, prepare the company's income statement for the year ended April 30,...
-
The accountant of Lancer Copy Center encountered the following situations while adjusting and closing the books at February 28. Consider each situation independently. a. The accountant failed to make...
-
Selected accounts of Elevator Service Company, at December 31, 2008, follow. Requirements 1. Prepare the company's classified balance sheet in report form at December 31, 2008. Show totals for total...
Study smarter with the SolutionInn App