In 2014 Electric Autos had sales of $ 100 million and assets at the start of the
Question:
In 2014 Electric Autos had sales of $ 100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
2250 ROA ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Question Posted:
Students also viewed these Corporate Finance questions
-
Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?
-
The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Percent...
-
Mansfield Corporation had 2013 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Percent Cash ..............5% Accounts receivable...
-
Find the lengths of the curves. The curve r = a sin 2 (/2), 0 , a > 0
-
Ross White (see Problem 6-25) wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. He has determined that setup costs would be $25 in machinist...
-
Suppose that n > 2 and define an n-dimensional cone by Prove that Vol(C) I n1/2) 2hr-n-10/2 nin-
-
Regarding market share and government support, consider the following: (a) The product project team decides to seek a larger market share by lowering the price. Repeat Example 19.2 with the following...
-
Mobility Partners makes wheelchairs and other assistive devices. For years it has made the rear wheel assembly for its wheelchairs. A local bicycle manufacturing firm, Trailblazers, Inc., offered to...
-
Problem 4. A thin-walled cylindrical tank, under internal pressure, p, is compressed by a force, F = 75 kN. The inner diameter of the cylinder is d = 90 mm, and the wall thickness, t = 5.5 mm. The...
-
Keenan is purchasing a new boat that sells for $56,214, including taxes and fees. He receives $17,000 as a trade-in on his old boat and uses the money as a down payment. Keenan finances the balance...
-
a. Turn back to Table 4.8. For the sample of industries in that table, plot operating profit margin against asset turnover in a scatter diagram. What is the apparent relationship between these two...
-
Torrid Romance Publishers has total receivables of $3,000, which represents 20 days' sales. Total assets are $75,000. The firm's operating profit margin is 5%. Find the firm's ROA and asset turnover...
-
If X has a geometric distribution with = 1/3 , find the formula for the probability distribution of the random variable Y = 4 5X.
-
How do hot spots produce mountains?
-
What are the three different types of volcanoes?
-
Describe the overall topography of the ocean floor.
-
What is Earths highest point? How high is it? What is Earths lowest point? How deep is it?
-
Why are glaciers called rivers of ice?
-
In Problem discuss the validity of each statement. If the statement is true, explain why. If not, give a counter example. If r > 0, then r has two square roots.
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
-
Garnett Jackson, the founder and CEO of Tech Tune-Ups, stared out the window as he finished his customary peanut butter and jelly sandwich, contemplating the dilemma currently facing his firm. Tech...
-
The following tables contain financial statements for Dynastatics Corporation. Although the company has not been growing, it now plans to expand and will increase net fixed assets (i.e., assets net...
-
Create the statement of cash flows from the following entries: Net income .................................... $1,500 Dividends .......................................... 900 Additions to inventory...
-
Higgins Company began operations last year. You are a member of the management team investigating expansion ideas that will require borrowing funds from banks. On January 1 , the start of the current...
-
On April 1, 2021, Windsor, Inc. purchased $615,000 of 6% bonds for $639,225 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on...
-
Use the graphical method for linear programming to find the optimal solution for the following problem. Minimize C=3x+15y subject to 2x + 4y 12 5x + 2y 10 and x 0, y 0.
Study smarter with the SolutionInn App