Using the following data, estimate the return on equity (ROE) for the followingindustries. Assets-to-Equity A Return Ratio
Question:
Using the following data, estimate the return on equity (ROE) for the followingindustries.
Transcribed Image Text:
Assets-to-Equity A Return Ratio Turnover on Sales Retail jewelry stores Retail grocery stores Electric service companies Legal services firms 1578 1.832 2592 1.708 1.529 5.556 0.498 3.534 0.040 0.014 0.069 0.073
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Return on equity Net incomeStockholders equity Net incomeSales SalesTotal a...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Question Posted:
Related Video
The Dupont analysis is an expanded return on equity formula, calculated by multiplying the net profit margin by the asset turnover by the equity multiplier. The DuPont analysis is also known as the DuPont identity or DuPont model.This Video will guide on how to calculate return on Equity and estimate profitability of shareholders using DuPont Analysis.
Students also viewed these Accounting questions
-
Using the following data for Dynasty Travel Service as well as the statement of owners equity shown in Practice Exercise 1-5A, prepare a balance sheet as of June 30, 2012. Accounts receivable...
-
Using the following data for Escape Travel Service as well as the statement of owners equity shown in Practice Exercise 1-5B, prepare a balance sheet as of November 30, 2012. Accounts receivable...
-
Using the following data related to automobile parts inventory, determine the value of the inventory at the lower of cost and NRV. Complete the calculation on an individual basis for model numbers...
-
One reason you might choose to sync a SharePoint library to your computer is to Select an answer: have a separate copy that your colleagues can't affect have a separate copy in case SharePoint breaks...
-
The Rockwell hardness of a metal is determined by impressing a hardened point into the surface of the metal and then measuring the depth of penetration of the point. Suppose the Rockwell hardness of...
-
Go to sdw. ecb.europa.eu and select Government Debt (as a % of GDP). What is the current eurozone debt/GDP ratio? What is the deficit/GDP ratio? What challenges do the deficit and debt data pose for...
-
In Example 6.3, what is the change in the cart's kinetic energy due to the shove (a) in the Earth reference frame, (b) in a reference frame moving in the same direction as the cart at \(0.60...
-
For each of the unrelated transactions described below, present the entry(ies) required to record each transaction. 1. Grand Corp. issued $20,000,000 par value 10% convertible bonds at 99. If the...
-
G is an individual GST registrant that files GST returns annually. At the beginning of year 20XX, G incorporated their sole proprietorship into G Inc., a wholly owned subsidiary of G, and registered...
-
19. Mitchell Beverage Company produces Cactus Juice, a popular alcoholic beverage. Recently the firm has experienced problems of product pilferage at the warehouse. In one month, 3,200 bottles of...
-
The following data are taken from the comparative balance sheets prepared for Gubler Wholesale Company. Sales for 2011 were $1,200,000. Sales for 2010 were $1,000,000. 1. Prepare the Assets section...
-
The following financial statement data are for Moonbeam Inc. For 2010 and 2011, compute: (a) Accounts receivable turnover (b) Average collection period (c) Fixed asset turnover Use the average of the...
-
Use a CAS to plot the surface. Identify the type of quadric surface from your graph. + || 1 -
-
Find the Integral of the following function 50 dx x2
-
The 31 kg crate is moving downward at 14 m/s. The motor M pulls on the cable with a force of F, which has a magnitude that varies as shown or the graph. F F(N) 450 B 150 t(s) 6 What is the speed of...
-
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospitals. In the face of declining profits, Med Max decided to implement an...
-
Make a financial forecast for a new company like amazon for the year 2024 and 2025 Your financial forecasts should include: Cash flow statements - cash balance and the cash flow pattern Some other...
-
PROVIDE ME THE SCRIPT FOR THE FOLLOWING ROLEPLAY Simulated Activity 1 - Task 2 B: Role Play - Presentation of Communication Strategy You are now ready to present the communication strategy and...
-
Find the corner points for the set of feasible solutions for the constraints given in Problems 35-46. \(\left\{\begin{array}{l}x \geq 0 \\ y \geq 0 \\ 10 x+5 y \geq 200 \\ 2 x+5 y \geq 100 \\ 3 x+4 y...
-
Design a circuit which negative the content of any register and store it in the same register.
-
State the Pauli exclusion principle; then use it to explain why an orbital can contain a maximum of two electrons.
-
Derek Lee just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually. Instructions (a) If Lee plans to establish the DL...
-
Derek Lee just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually. Instructions (a) If Lee plans to establish the DL...
-
Alex Hardaway borrowed $90,000 on March 1, 2010. This amount plus accrued interest at 12% compounded semiannually is to be repaid March 1, 2020. To retire this debt, Alex plans to contribute to a...
-
In 2024, Holyoak Incorporated offers a coupon for $20 off qualifying purchases of its new line of products. Holyoak sold 10,900 of these products during the year. By year-end of 2024, 8,000 coupons...
-
Comparison of Methods of Allocation Duweynie Pottery, Inc., is divided into two operating divisions: Pottery and Retail. The company allocates Power and General Factory department costs to each...
-
Question 1 (Where does inequality come from?) = Assume that the utility of a consumer over two periods is given by U u(c) + Bu(c') where c is consumption in the current period and c' is consumption...
Study smarter with the SolutionInn App