Katz reports total revenue of $245,600, cost of goods sold of $18,950, and net income of $121,000.
Question:
Katz reports total revenue of $245,600, cost of goods sold of $18,950, and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?
36.12%
48.40%
20.68%
41.98%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Return on Equity ROE is a financial ratio that measures a companys profitability by rev...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Supply Chain Management Strategy Planning And Operation
ISBN: 9781292257891
7th Global Edition
Authors: Sunil Chopra
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Your corporation had net sales of $1,200,000 for 2018. During that time average receivables were $30,000. What is the average collection period for your corporation in 2018 based on 365 days? Please...
-
The following data applies to the two unrelated companies Lloyd Ltd and Cole Ltd: All taxable and deductible temporary differences relate to the profit or loss. Assume a corporate tax rate of 30%. A....
-
When reviewing a balance sheet of a corporation, what are things or items that indicate a company is in good financial health? What items indicate poor financial health? How can these concepts be...
-
Grady operates a lawn maintenance business using the accrual method. He estimates that 5 percent, or about $2,500 of his 2022 yearend customers invoices will never be paid. During 2022, he wrote off...
-
What is bivariate regression?
-
Canton Supplies, Inc., is a service firm that employs approximately 100 individuals. Managers of Canton Supplies are concerned about meeting monthly cash obligations and want to develop a forecast of...
-
How well did Allen interact with each member of the buying center? (Lawford Electric case) Lawford Electric Company (Revised) 580-124 Exhibit 1 (continued) Tension Reel-Hallden Shear System consists...
-
Which of the following would result in lower return on assets for Katz if all other entries in their selected financial data were held constant? A reduction in total assets An increase in asset...
-
________ measures the incremental costs that are independent of the size of the order. Average sale price Incremental variable cost per unit Incremental fixed cost per order Incremental indirect cost...
-
During one week, four production employees of Morgan Manufacturing Company worked the hours shown below. All these employees receive overtime pay at one and one-half times their regular hourly rate...
-
The Eastern Cape Department of Health (ECDOH) has been facing a number of strategic financial issues in recent years. These issues include: What do we mean by Bureaucracy?
-
Discuss The three overarching principles set out in section 11(7) of the Children (Scotland) Act 1995 are the cornerstone to decision-making in Scots family law actions. ?
-
How does due diligence differ from due care? Why are both important?
-
Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs.What will be the...
-
How do B-to-B transactions help with Supply Chain management?
-
Harry Johnson, the chief financial officer of Ur Thrift, Inc, a large retailer, had just finished a meeting with the Roger Swasey, the chief financial officer of the large retailer, and Connie Baker,...
-
Maria Castigliani is head of the purchasing department of Ambrosiana Merceti, a medium-sized construction company. One morning she walked into the office and said, The main problem in this office is...
-
Indicate the nearest location where you would expect to find large storage facilities. What kinds of products would be stored there? Why are they stored there instead of some other place?
-
When would a producer or intermediary find it desirable to use a public warehouse rather than a private warehouse? Illustrate, using a specific product or situation.
-
Discuss the distribution center concept. Is this likely to eliminate the storing function of conventional wholesalers? Is it applicable to all products? If not, cite several examples.
-
Why should investor use a discount rate in calculation? Do we know about CF and r in the future? If not, how do we use this formula?
-
Levart Travel Service's assets and liabilities at December 31, 20Y6, the end of the year, and its revenue and expenses for the year follow: Accounts payable Accounts receivable $ 12, 200 Land $...
-
. The demand curve for a normal good will always slope downward because: i. the substitution effect and the income effect reinforce each other, and the substitution effect always displays an inverse...
Study smarter with the SolutionInn App