Winter Exploration Company reported these figures for 2016 and 2015:
Compute the rate of return on total assets for 2016.
Answer to relevant QuestionsSuppose Jenner and Sons purchases $700,000 of 4.5% annual bonds of McPhee Corporation at face value on January 1, 2016. These bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2020. Jenner ...Ship Your Way Corporation generated excess cash and invested in securities as follows: 2016 Jul. 2 Purchased 3,600 shares of TJF, Inc. common stock at $11.00 per share. Ship Your Way holds the stock in its active trading ...Kabra’s 2016 financial statements reported the following items—with 2015 figures given for comparison: Net income for 2016 was $4,020, and interest expense was $160. Compute Kabra’s rate of return on total assets for ...Consider the following transactions of Moore Software: Mar. 31 Recorded cash sales of $170,000, plus sales tax of 5% collected for the state of new Jersey. Apr. 6 Sent March sales tax to the state. Journalize the ...MacDonald Industries completed the following transactions during 2016: Nov. 1 Made sales of $32,000. MacDonald estimates that warranty expense is 6% of sales. (Record only the warranty expense.) 20 Paid $1,400 to satisfy ...
Post your question