The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses

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

Question:

The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%.
What is Clydesdale Company's rate of return on investment?

Related Book For answer-question

Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

See More Books

Posted Date: Oct 19, 2018 10:03 AM

See More Questions

The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is...
The MacCauley Company has sales of $200 million and total expenses (excluding depreciation) of $130 million. Straight-line depreciation on the companys assets is $15 million, and the maximum...
The Ira Company has sales of $330,000, and the break-even point in sales dollars is $264,000. Determine the company's margin of safety as a percent of current sales. Enter your answer rounded to one...
Assume that self-esteem measurements are not affected by an interaction between subject self-esteem and target self-esteem. Is there sufficient evidence to support the claim that the category of the...
Refer back to your answers to Problem 28-1 in answering the following questions. a. What is the maximum wage the firm will be willing to pay if it hires 1$ workers? b. The weekly wage paid by...
What impact would an increase in the nations money supply, or a federal government budget deficit, have on the real GDP and the price level in the macroeconomy? What phase of the business cycle might...
Sleep and Recognition of Facial Expressions. The ability to recognize and interpret facial expressions is key to successful human interaction. Could this ability be compromised by sleep deprivation?...
Mandy Peters, the lead accountant of Ross Co., would like to buy a new general ledger software program. She couldnt do it because all funds were frozen for the rest of the fiscal period. Mandy called...
Solve the following LP using the simplex method. 4x1 + 2x2 maximize subject to -x1 + x2 < 2 4x1 x24 x1, x2 0 Use the Danzig rule (pick a variable with the most negative coefficient in z-row) to...
What is the subject matter of each of the following TAM? a. TAM 200703019 b. TAM 201734007 c. TAM 9853001
GlaxoSmithKline is a pharmaceutical company whose mission statement is to improve the quality of human life by enabling people to do more, feel better, and live longer. 1. As a pharmaceutical firm...
In a couple of paragraphs (3-4), describe your perceptions of a delivery person pulling up with a pizza you ordered. Think of your five senses (visual, auditory, smell, taste, and touch) Describe how...
The total factory overhead for Bardot Marine Company is budgeted for the year at $389,250, divided into two departments: Fabrication, $177,750, and Assembly, $211,500. Bardot Marine manufactures two...
Evaluate 2NC P(n + 1) for each of the following values. N=27, C 68, P = 2754, and n = 23 2NC P(n + 1) = (Round to three decimal places as needed.)
1: State what "emission" means in the context of an atom's electronic energy levels, do so by stating what form of energy is involved and what change occurs when this energy is released. describe why...
You have prescribed knee extension exercises for your patient using a cuff weight. The patient performs these exercises sitting on the edge of their chair with their entire thigh supported by the...
1. 2. (c) Be(OH)2 (d) Sr(OH)2 Number of amphoteric compounds among the following is (a) BeO (B) Bao The stepwise formation of [Cu(NH)]* is given below: C ANH, LE [Cu(NH, ) [Cu(NH)]+NH, [Cu(NH3)2]+NH,...
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
A company with several divisions has a cost of capital of 6%. An excerpt from Division B's accounting summary for the period is shown below: A company with several divisions has a cost of capital of...
With all the securities available in this country, why would a U.S. investor want to buy foreign stocks? Briefly describe the two ways in which a U.S. investor can buy stocks in a foreign company. As...
In the absence of any load charges, open-end mutual funds are priced at (or very close to) their net asset values, whereas closed-end funds rarely trade at their NAVs. Explain why one type of fund...
A certain 6% annual pay convertible bond (maturing in 20 years) is convertible at the holders option into 20 shares of common stock. The bond is currently trading at $800. The stock (which pays 75 a...
Distinguish between a heat engine, a heat pump, and a refrigerator.
Sketch and explain split air conditioner?
With a neat sketch of a room air-conditioner, explain its working principle.

The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses

Question:

Expert Answer:

Operating profit Sales operat... View the full answer

Fundamentals of Investing

Students also viewed these accounting questions