In 2014 XYZ Co. had sales of $74 billion and a net income of $23 billion, and

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

Question:

In 2014 XYZ Co. had sales of $74 billion and a net income of $23 billion, and its year-end total assets were $200 billion. The firm's total-debt-to-total-assets ratio was 45.3%. What was XYZ Co.’s ROE in 2014?

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

See More Books

Posted Date: May 20, 2019 01:25 AM

See More Questions

Which of these groups was involved in developing the study Charting a National Strategy for the Next Generation of Accountants? a. Pathways Commission b. American Institute of Certified Public...
During the year, Belyk Paving Co. had sales of $2,385,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,440,000, $436,500, and $491,500, respectively. In...
3 1 point Assume that 1 ton of greenhouse gas emissions does $100 of damage 30 years from now. If society has a discount rate of 1 per cent, what is the cost of that damage in today's terms? Give...
Acceleration is the rate of change of velocity with time. Is the acceleration vector always aligned with the velocity vector? Explain.
Data for Argile Textiles' 2011 financial statements are given in Tables 7-1 and 7-2 in the chapter. a. Compute the 2011 values of the following ratios: b. Briefly comment on Argile's 2011 financial...
Donna Jamison was recently hired as a financial analyst by Computron Industries, a manufacturer of electronic components. Her first task was to conduct a financial analysis of the firm covering the...
Explain how the control variate technique is implemented.
The following information is available for Wenger Corporation for 2008. 1. Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years...
3. Consider a two period problem where a consumer has preferences over consumption in the two periods given by: log c + Blog c'. She has no initial assets and has income y in the first period y' in...
Direct and indirect labour: manufacturer Sharpedge Cutlery manufactures kitchen knives. One of the employees. whose job is to cut out wooden knife handles, worked 49 hours during a week in January....
Read the case study titled a patient information system for mental health care develop an overall architecture for the system described. The architecture should be based on any one of the common...
How many d electrons and how many unpaired electrons are present in complexes nitropentammine cobalt ( III ) chloride, nitritopentammine cobalt ( III ) chloride andchloropentamminecobalt ( III )...
A rubber ball of mass m = = 0.5kg hits the floor with speed v = 2m/s and bounces back. The ball stays in contact with the floor for t=5ms = 0.005s. The force exerted on the ball by the floor is given...
friction force the block started to move when the angle 8=20 degrees find 1- The normal force 2- The friction force- 3- Static friction coefficient m=200g 20
25. A ball is thrown upward with a speed of 38.0 m/s from the top of a building 240. meters tall; a. What will be the velocity of this ball at the highest point? * b. How long will it take for this...
Two bodies of equal masses, m kg, are joined by a light inextensible cord passing over a smooth light pulley. Find what fraction of the mass must be taken from one and added to the other so that each...
Consider two hypothetical professional leagues, both of which have revenue sharing across teams. League A has much larger national revenue from TV broadcasting rights. It provides a large amount of...
An annual report of The Campbell Soup Company reported on its income statement $2.4 million as equity in earnings of affiliates. Journalize the entry that Campbell would have made to record this...
Describe the FOUR (4) major components of the Balance Scorecard
A high-speed electronic assembly machine was purchased two years ago for $50,000. At the present time, it can be sold for $25,000 and replaced by a newer model having a purchase price of $42,500; or...
Javier just bought a condominium in College-town, USA. His $100,000 mortgage is 6% compounded monthly, and Javier will make monthly payments on his loan for 30 years. In addition, property taxes and...
A firm requires a crane which costs $80,000 and has an estimated salvage value of $10,000 at the end of a 6-year operating life. If the firm uses the rate of interest as 20% for the project...
A candlestick chart is similar to a bar chart except that the candlestick chart: A. Represents upward movements in price with Xs. B. Also graphically shows the range of the periods highs and lows. C....
What considerations might encourage a market analyst to rely more on a top-down or bottom-up forecast of S&P 500 operating earnings?
Which of the following advantages listed by Ryan with respect to the earnings-based approach studied by Atkinson is most likely correct? The model A. Can be used for non-U.S. equity markets. B....

In 2014 XYZ Co. had sales of $74 billion and a net income of $23 billion, and

Question:

Expert Answer:

Debt to total assetsdebttotal assets Hence debt0453 Total assets Total assetsd... View the full answer

Engineering Economy

Students also viewed these finance questions