Question: (3 11) Selected information is provided for Tiny Bubbles Bath Company: 2019 2020 2021 Sales $ 2,600,000 $3,000,000 $ 4,000,000 Assets 2,000,000 2,250,000 3,000,000 Net

(3 11) Selected information is provided for Tiny Bubbles Bath Company:

2019 2020 2021

Sales $ 2,600,000 $3,000,000 $ 4,000,000

Assets 2,000,000 2,250,000 3,000,000

Net Income 207,000 222,000 245,000

Total Equity 800,000 800,000 860,000

Calculate ROE From 2019 to 2021 and evaluate whether you think this companys ROE growth is sustainable,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

QUESTION ONE RATIO ANALYSIS (20 Marks) TRANSFORMATION LTD Information extracted from the Statement of Comprehensive Income Statement for the past two years: 2020 (R) 2019 (R) Sales 2 600 000 2 000...

Q:

ONE RATIO ANALYSIS (20 Marks) TRANSFORMATION LTD Information extracted from the Statement of Comprehensive Income Statement for the past two years: 2020 (R) 2019 (R) Sales 2 600 000 2 000 000 Cost of...

Q:

What are the amounts and timing of the follow-up expansion investment opportunity's free cash flow from 2013 through 2022? What is the terminal value of the follow-up acquisition, as of 2022? What is...

Q:

4.1 Calculate the following ratios for 2021. Express answers to two decimal places. 4.1.1 Gross margin 4.1.2 Inventory turnover 4.1.3 Acid test ratio 4.1.4 Debt to equity 4.1.5 Earnings per share 4.2...

Q:

urgently needed Financial Accounting Exercise 3 6 Companies, a home Improvement store chain, reported the following summarized figures 7 B DAVIS CONSULTING, INC. Income Statement Year Ended December...

Q:

INFORMATION The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: Harmony Limited Extract of Statement of Comprehensive Income for the year...

Q:

INFORMATION The information provided below was extracted from the accounting records of Harmony Limited on 31 December 2020: Harmony Limited Extract of Statement of Comprehensive Income for the year...

Q:

QUESTION 4 Use the information provided to answer the following questions: 4.1 Calculate the following ratios for 2021. Express answers to two decimal places. 4.1.1 Gross margin (2 marks) 4.1.2...

Q:

QUESTION 4 (20 Marks) REQUIRED 4.1 Use the information provided below to calculate the following ratios for the financial year ended 31 December 2019. (Where applicable, express answers to two...

Q:

QUESTION 4 (20 Marks) REQUIRED 4.1 Use the information provided below to calculate the following ratios for the financial year ended 31 December 2019. (Where applicable, express answers to two...

Q:

How does effective business writing in economics contribute to clear communication and successful decision-making within organisations?

Q:

Mr. GW is self-employed and makes annual contributions to a Keogh plan. Mrs. GWs employer doesnt offer any type of qualified retirement plan. Each spouse contributes $3,000 to a traditional IRA. In...

Q:

Question 1 - ( 2 5 points ) Consider the following market quotations: Zero Coupon Bond with maturity 1 Y , price = 9 6 . 6 1 8 . Zero Coupon Bond with maturity 2 Y , price = 9 2 . 4 5 6 . Fixed...

Q:

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...

Q:

3. The Ford Motor Company makes a car in 2020 and sells it to the Jones family in 2021. This event increases a. both consumption and GDP in 2020. b. both consumption and GDP in 2021. c. consumption...

Q:

1. GDP measures the value of the economys output at current prices and is a variable. a. Nominal, stock b. Nominal, flow c. Real, stock d. Real, flow

Q:

2. The largest component of GDP is a. consumption. b. investment. c. government purchases. d. net exports.