Business
Cost Accounting
Oswald Optical, Inc., provides a full line of designer eyewear

Oswald Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Oswald reported the following

Question:

Oswald Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Oswald reported the following information for 2016 and 2015:

Compute return on assets (ROA) for 2016 and 2015. Using the DuPont model, identify the components and state whether each improved or worsened from 2015 to 2016?

Transcribed Image Text:

2016 2015 Net i Average total assets 46,800 33,000 $260,000 $220,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 62% (8 reviews)

DuPont Analysis Net profit margin ratio X Total asset turnover ROA Net incomeNet s...View the full answer

Answered By

Muhammad Umair

I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.

3.50+ 1+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

See More Books

Question Posted: Aug 01, 2016 01:38 PM

See More Questions

Students also viewed these Cost Accounting questions

Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following information for 2012 and 2013: Compute return on assets for 2012 and2013. 2013 2012...
Moore Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Moore reported the following information for 2014 and 2013: Compute return on assets (ROA) for 2014 and 2013....
Ochoa Optical, Inc., provides a full line of designer eyewear to optical dispensaries. Ochoa reported the following information for 2016 and 2017: ____________________________________________ 2017...
In Section 36.6 we saw that muons can reach the ground because of time dilation. But how do things appear in the muons reference frame, where the muons half-life is only 1.5 s? How can a muon travel...
How are actual and standard costs recorded in a standard cost system?
On its December 31 year-end, a company forgot to record $6,400 of depreciation on machinery. For the current year's financial statements, indicate the amount of overstatement or understatement due to...
Consider a strategy of the form $(\gamma, 0,0)$ for the investment wheel. Show that the overall factor multiplying your money after $n$ steps is likely to be \((1+2 \gamma)^{n / 2}(1-\gamma)^{n /...
In most large corporations, ownership and management are separated. What are the main implications of this separation?
What are the ethical responsibilities of leaders in promoting diversity, equity, and inclusion within organizations, advancing initiatives to combat discrimination, promote equal opportunity, and...
FOSSIL IDENTIFICATION KEY Identify the names of the two fossils? Select the names of the two unique fossils that you identified from the snapshots located on the Parv Bed, and then click "Submit...
Crunchies, Inc., dominates the snack-food industry with its Salty Chip brand. Assume that Crunchies, Inc., purchased Healthy Snacks. Inc., for $5.8 million cash. The market value of Healthy Snacks'...
Pittsfield Sound Center pays $330,000 for a group purchase of land, building, and equipment. At the time of acquisition, the land has a current market value of $54,000, the building's current market...
Suppose the length of time that it takes a laboratory rat to traverse a certain maze is measured by a random variable X that is exponentially distributed with density function where x is the number...
What is the beat frequency between the second harmonic of $\mathrm{G}$ and the third harmonic of $\mathrm{C}$ ? A. $1 \mathrm{~Hz}$ B. $2 \mathrm{~Hz}$ C. $4 \mathrm{~Hz}$ D. \(6...
What does the following program do?
In a cars suspension system, each wheel is connected to a vertical spring; these springs absorb shocks when the car travels on bumpy roads. In one car, each spring has a spring constant of 5.0 10 4...
Using the formulas in the Appendix and the data in your companys latest financial statements, calculate the following measures of financial performance for your company: 1. Operating profit margin 2....
Boeing has been recognized by Forbes and other business publications as one of the worlds best managed companies. The company discusses how its people and organizational units bring to bear the best...
An engineer needs a value of lift force for an airplane that has a coefficient of lift (CL) of 0.4. The -group is defined as Where F L is the lift force, is the density of ambient air, V is the...
Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...
A first year co-op student working for Solutions.com recorded the transactions for the month. He wasn't exactly sure how to journalize and post, but he did the best he could. He had a few questions,...
In November 2011, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on...
The financial statements of Tootsie Roll in Appendix A at the back of this book contain the following selected accounts, all in thousands of dollars. Common Stock .................$ 24,862 Accounts...
What are the advantages and disadvantages of utilizing PostgreSQL's advanced indexing techniques such as GiST and GIN?
discuss the implications and trade-offs of utilizing PostgreSQL's advanced security features such as row-level security (RLS) and column-level encryption in compliance-sensitive applications...
How does PostgreSQL's support for advanced full-text search capabilities through extensions like pg_trgm and tsearch improve search functionality and performance in applications requiring...

Childrens Python Snake Pet Care Book Beginners Guide To Finding Habitat Care Behavior Feeding Life Cycle Breeding Health Conservation Efforts Fascinating Facts And More 1st Edition - ISBN: B0CDYRKF9B - Free Book

Study smarter with the SolutionInn App