Question: Assume the following data for Interactive Technology and Silicon Software. Interactive Technology (IT) Silicon Software (SS) Net income $ 35,500 $ 188,000 Sales 365,000 2,420,000

Assume the following data for Interactive Technology and Silicon Software.

Interactive Technology (IT) Silicon Software (SS)
Net income $ 35,500 $ 188,000
Sales 365,000 2,420,000
Total assets 435,000 937,000
Total debt 231,000 509,000
Shareholders equity 204,000 428,000

a-1. Compute return on shareholders equity. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

Return on Shareholders equity
Interactive Technology (IT) %
Silicon Software (SS) %

a-2. Not available in connect.

b. Compute the following ratios for both firms (Round the final answers to 2 decimal places.)

Interactive Technology (IT) Silicon Software (SS)
Net income / Sales % %
Net income / Total assets % %
Sales / Total assets X X
Debt / Total assets % %

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 Accounting Questions!

Q:

\f