Selma International, Inc., reported the following information regarding its investment portfolio in the company's 2017 annual report:

Question:

Required

1.?Compute?the?economic?return from investing?ratio?for?2017.2. What do the results in (1) suggest about Selma International?

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

Step by Step Answer:

Related Book For answer-question

Financial Accounting

ISBN: 978-1259105692

6th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel G Short, George Kanaan, Maureen Sterling

See More Books

Question Posted: Dec 04, 2019 12:14 PM

See More Questions

Supersonic Inc. reported the following information regarding 20072008 inventory. Note 1 (in part): Nature of Business and Significant Accounting Policies InventoriesInventories are stated at the...
Stanley Company reported the following information regarding its equipment: Account Amount Equipment, Jan. 1, 2011 .................. $745,120 Equipment, Dec. 31, 2011 ................ 831,410...
Henne Optical Corporation reported the following information regarding long-term operating assets for its Lens Manufacturing Operations: Recent advances in technology have rendered the companys lens...
Repeat Example 13.1, but for electrophilic substitution at C-2 or C-4 of pyridine. Explain why substitution at C-3 (eq. 13.2) is preferred. 4 H
One of the steps in the extraction of iron from its ore (FeO) is the reduction of iron(II) oxide by carbon monoxide at 900C: FeO(s) + CO(g) Fe(s) + CO2(g) If CO is allowed to react with an excess of...
The bits in the control register of the FIFO shown in Fig. 11-9 are REF = 0011. Give the sequence of internal operations when an item is deleted from the FIFO and then a new item is inserted. Fig....
In 2014, Javier Ramos decided to open seafood restaurants in California and Texas. Ramos claims that he was describing the crusted glaze applied to cooked seafood to his friend Ivan Murillo when...
Sutton Industrial Products Inc. (SIPI) is a diversified industrial-cleaner processing company. The companys Verde plant produces two products: a table cleaner and a floor cleaner from a common set of...
(a) Determine whether the money multiplier will increase or decrease following an increase in each of the following ratios. No explanation is required. [3 Points; 1 Point each] (i) The required...
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
Using the following categories, indicate the effects of the transactions listed in Ml3-3 assuming the securities are trading securities. Use + for increase and - for decrease and indicate the...
On January 1, 2018, PurchaseAgent.com acquired 35 percent (800,000 shares) of the common shares of E-Transaction Corporation. The accounting period for both companies ends December 31. Prepare the...
The reaction of hydroxide ion with chloromethane to yield methanol and chloride ion is an example of a general reaction type called a nucleophilic sub- Situation reaction: HO- + CH3C1 CH3OH + C1-...
A producer task is known to be able to process data at a rate that is exponentially distributed with average service time of 3 ms per datum. What is the maximum allowable average data rate if the...
Grove Hotel hired Fortas, an electrical contractor, and paid him with a promissory note for $3,400. The note stated that it was with interest at prevailing bank rates. Did the stipulation about...
A producer generates data at 1 byte per 200 ns in bursts of 64 K bytes. A consumer, on the other hand, can read the data in 32 - bit words, but only at a rate of 1 word every 2s. Calculate the...
Higgins was a used-car dealer. He purchased a Corvette, giving the seller a draft drawn by him on the First State Bank of Albertville in the amount of $8,115. This draft was later presented by the...
Recalculate the FP (function point) metric for the inertial measurement system using a set of weightings that assumes that significant off - the - shelf software (say 70%) is to be used. Make...
Alessandra Gesso provides skating lessons for children ages 8 through 15. Most students are beginners. Gesso rents ice time from the local arena. Because this is a new business venture, Gesso wants...
The Ferris wheel in the figure has a radius of 68 feet. The clearance between the wheel and the ground is 14 feet. The rectangular coordinate system shown has its origin on the ground directly below...
What are the advantages of using subsidiary ledgers?
Contrast the straight-line method and the units-of-activity method as to (a) Useful life, and (b) The pattern of periodic depreciation over useful life.
Contrast the effects of the three depreciation methods on annual depreciation expense.
1. Promotion - What is your main promotional objectives? What is your message? Which media vehicles for communicating that message will you use? How will you evaluate the results of your promotional...
What are the advantages and disadvantages of cultural diversity for the MNC and its level of importance?
Walsh corporation has 3 shareholders: X,Y, and Z.X and Y are siblings; Z is unrelated to X and Y. Each shareholder has 200 shares with a basis of $50 per share and have held the stock for 5 years....

Selma International, Inc., reported the following information regarding its investment portfolio in the company's 2017 annual report:

Question:

2017 2016 (in thousands of dollars) $8,903 Investment portfolio $8,942 Dividend revenue 696 362

Step by Step Answer:

Amounts in thousands of dollars Req 1 Req 2 The eco...View the full answer

Financial Accounting

Students also viewed these Business questions