Y3K, Inc., has sales of $6,180, total assets of $3,680, and a debtequity ratio of .45. If

Question:

Y3K, Inc., has sales of $6,180, total assets of $3,680, and a debt–equity ratio of .45. If its return on equity is 15 percent, what is its net income?

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

Step by Step Answer:

Related Book For book-img-for-question

Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

See More Books

Question Posted: Apr 03, 2018 03:28 AM

See More Questions

Y3K, Inc., has sales of $ 2,700, total assets of $ 1,310, and a debt equity ratio of 1.20. If its return on equity is 15 percent, what is its net income?
Using the Du Pont Identity Y3K, Inc., has sales of $4,800, total assets of $2,685, and a debtequity ratio of 1.20. If its return on equity is 16 percent, what is its net income?
Y3K, Inc., has sales of $9,980, total assets of $3,140, and a debt-equity ratio of 0.25. If its return on equity is 16 percent, what is its net income?
Jake, a single taxpayer, has $100,000 of ordinary income, a $10,000 net short-term capital loss, and $7,000 of qualified dividends. What is the result?
In the agriculture industry, migrant workers are commonly employed to pick crops ready for harvest. They are hired as needed and are laid off once the crops are picked. The realities of the industry...
Judy and her fellow group members were highly frustrated by each other, in part because their needs and corresponding orientations toward the groups work were so different. However, instead of...
The table below describes a hypothetical experiment on 2400 persons. Each row of the table specifies a category of person, as defined by their pre-treatment predictor $x$, treatment indicator $T$,...
The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured by an ocean marine hull insurance policy with a running down clause. For each of the...
Rubber and Steel Company is planning to manufacture a new product. The variable manufacturing costs will be $57 per unit and the fixed costs are estimated to be $6819 The selling price of the product...
The trial balance of Zoop Co. shown below does not balance. Each of the listed accounts has a normal balance per the general ledger. An examination of the ledger and journal reveals the following...
A company has net income of $263,000, a profit margin of 7.4 percent, and an accounts receivable balance of $165,700. Assuming 80 percent of sales are on credit, what is the companys days sales in...
The most recent financial statements for Weyland Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant...
Identify the stereogenic centers in nicotine and cocaine shown below, and assign an absolute configuration (R or S) for each center. 0 0 0 0 nicotine cocaine
What will be the cost of an intangible asset that has been acquired by giving up nonmonetary assets, in an exchange that has commercial substance? Select answer from the options below the fair value...
An investor looking to assess the firm's ability to make profits, pay dividends, and realize share price increases will predominantly focus on Efficiency and profitability ratios Profitability and...
What is the volatility on home depots returns Consider the following returns Lowes Home Depot IBM Realized Realized Realized Year-End Return Return Return 2000 20% - 14.6% 0.2% 2001 72.7% 4.7% 3.2%...
The budgeted quantity of direct materials to be purchased equals ______. Multiple choice question. budgeted production (in units) times the number of raw material units per unit of output the number...
One of the most important metrics for measuring performance is return on investment (also known as ROI). ROI represents the percentage of net profit return on an investment. In other words, ROI...
The reactants shown schematically on the left represent methane, CH 4 , and water, H 2 O. Write out the full balanced chemical equation that is depicted.
3.16. For a system with non-identical service rates (see Sect. 3.5) and a limit of N jobs in the system (Eq. 3.13), obtain an expression for the mean service time per job, E[Ts], as a function of the...
Consider the following quotation from a leading investment manager: The shares of Southern Co. have traded close to $12 for most of the past three years. Since Southerns stock has demonstrated very...
A broker has advised you not to invest in oil industry stocks because they have high standard deviations. Is the brokers advice sound for a risk-averse investor like yourself? Why or why not?
Using information from the previous chapter about capital market history, determine the return on a portfolio that is equally invested in large-company stocks and long-term government bonds. What is...
Use the information below to answer the following questions. Currency per U.S. $ U.K. Pound 0.5135 6-months forward () 0.5204 Japan Yen 108.21 6-months forward () 106.96 Switzerland Franc 1.0492...
A $2.4 million contract has a 8% Advance payment, amortized at 25%, and a retention of 6%. The Contractor had completed a cumulative value of $503,000 worth of work on the project up to the previous...
The following is another merge sort top down implementation, what is the running time and space complexity for this implementation in big-0? Briefly explain your answer. public static void sort2(T[]...

Y3K, Inc., has sales of $6,180, total assets of $3,680, and a debtequity ratio of .45. If

Question:

Step by Step Answer:

This is a multistep problem involving several ratios The ...View the full answer

Corporate Finance Core Principles and Applications

Students also viewed these Business questions