JinsAppliances has a returnonassets (investment) ratio of 8 percent. a. If the debttototalassets ratio is 40 percent,
Question:
Jinâ€™sAppliances has a returnonassets (investment) ratio of 8 percent.
a. If the debttototalassets ratio is 40 percent, what is the return on equity?
b. If the firm had no debt, what would the returnonequity ratio be?
Fantastic news! We've located the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
a b The same as return on ...View the full answer
Answered By
Shristi Singh
A freshman year metallurgy and material science student in India.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Foundations Of Financial Management
ISBN: 9781264097623
18th Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Question Posted:
Students also viewed these Business questions

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

1. Based on the information provided in the case below, what is the key strategic goal for Tim Hortons as of August 2014? It would be a year of dramatic change for Tim Hortons Inc. On August 26,...

On a Saturday afternoon in May 2015, Robert Boyle and his wife Janet were sitting on the porch of their house on Saltspring Island, British Columbia, watching the fog roll in. The couple frequently...

Use the graphs of f and g to solve Exercises 8390. y = g(x) HH y .y = f(x) # X

Determine the singlevalue effective tax rate for a corporation that has a federal tax rate of 35% and a state tax rate of 5%.

Suppose there's an appliance store that sells refrigerators. It could set its price high and sell very few refrigerators, or it could set its price low and sell many more refrigerators. The following...

The serial adder of Figure 624 uses two 4bit registers. Register A holds the binary number 0111 and register B holds 0101. The carry liplop is initially reset to 0. List the binary values in...

If bicycle owners do not know whether they are high or lowrisk consumers, is there an adverse selection problem?

YellowSmart Company is an online supermarket and sells more than 100,000 products and offers home delivery all year round. It is currently planning the daily routes for 8 of its trucks, which are...

Perez Corporation has the following financial data for the years 20X1 and 20X2: a. Compute inventory turnover based on Ratio 6, Sales/Inventory, for each year. b. Compute inventory turnover based on...

Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return on assets is 16.5 percent. What is the firms profit margin (returns on sales)?

(1) What is the yield to maturity on a 10year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1,134.20? What does the fact that a bond sells at a discount or at a...

In the following reaction, what quantity in moles of CH3OH are required to give off 1501 kJ of heat? 2 CH3OH (1) + 3 O (g) 2 CO (g) + 4 HO(g) AH = 1280. KJ

Why must you be careful when applying current to the platinum wire? a. If the wire gets too hot it can break b. The wire is sensitive and can break easily c. All options are correct d. Platinum is...

According to Arrhenius an Acid is a substance substance that therefore partially , Give examples for monoprotic, diprotic, and triprotic acids? .HCI, HBr and HNO3 are electrolytes. and HF, H3PO4,...

Discuss the shape of the precipitation bar graph Discuss the shape the Avg HighTemperature line graph in red the Distribution, Skewness, etc.). State if there are any outliers or unusual data...

Water flows steadily up the vertical pipe of diameter D and out the nozzle of diameter d, discharging to atmospheric pressure (Figure 1). The stream velocity at the nozzle exit is Ve. Find the...

The purchase of a new car is one of your biggest personal expenditures. It is important that you carefully analyze your options. Suppose that you are considering the purchase of a hybrid vehicle....

The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...

In Problem 22, if the compensating balance requirement were 10 percent instead of 20 percent, would you change your answer? Do the appropriate calculation.

A pawn shop will lend $100 for 10 days at a cost of $5 interest. What is the effective rate of interest?

Sol Pine is going to borrow $3,000 for one year at 8 percent interest. What is the effective rate of interest if the loan is discounted?

TIAA Inc. is considering a capital expansion project. The initial investment of undertaking this project is $343,008. This expansion project will last for five years. The net operating cash flows...

You want to predict whether a Euro banknote is forged or genuine. For this purpose, you collected a random sample of 900 Euro banknotes and took their images. Then you applied Wavelet Transform tools...

Elaborate the term Government Balanced Budget? Provide its benefits and drawbacks?
Question Categories