Question: Please show how you got your answer and please show your work The Glow-worm Company has revenues of $1,000,000, net profits after taxes of $30,000,

Please show how you got your answer and please show your

Please show how you got your answer and please show your work

The Glow-worm Company has revenues of $1,000,000, net profits after taxes of $30,000, total assets of 1,500,000, and total liabilities of $500,000. Its return on equity dosest to: A. 2 percent D. 6 percent

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!

SECTION A [30 MARKS] Answer ALL the questions in this section. Case study 1- Financial Statement Analysis Township Limited was founded in the beginning of 2020 and currently operates one brewery in...

Below are selected financial data on Bore Industries Inc. Assume that other non-cash items are zero. Based on these data, calculate the cash from operating activities for 2018 for Bore. Express the...

Given the Income statement & Balance Sheet for one company Calculate the following ( SHOWN IN HIGHLIGHT YELLOW COLOR ) , given in excel sheet . Please show your work in order to understand Business...

The Financial Manager of Taxco Co. prepared forecasted financial data for the next year. Is the strategy feasible for Company? If not, how much additional capital is needed to ensure the feasibility...

Digby's turnover rate for this year is 6.35%. This rate is projected to remain the same next year and no further downsizing will occur from automating. Digby plans to spend an additional $500 beyond...

THIS QUESTION IS DUE IN EXACTLY 1 HOUR AND 45 MINUTES. I WILL PAY EXTRA 10 DOLLARS IN TIP IF SOMEONE TYPES THE EXACT ANSWER REQUESTED. PLEASE RESPOND TO THE EACH AND EVERY QUESTION IN A TOTAL OF 3-4...

Hello, Need help with the following:Please see Rubric thks Using information from"Are You Paying Too Much for That Acquisition?" List and describe the components used to calculate synergy value....

I need a pro forma and a dcf with the data that is in this excel sheet. Please I need help asp. Spirit Airlines Inc Historic Data Based on S&P Information INCOME STATEMENT Sales Revenue Less: Cost of...

Case 1: Review the requirements of the Chapter 3 Mini-Case, parts b through j. Then apply those requirements to do an analysis of Brinker International, which is a real company. Don't complete the...

Hi, Lengthy assignment - questions corporate finance. Significant work required. Please provide quote. Regards BFA728 assignment RWC2016 UNIVERSITY OF TASMANIA Tasmanian School of Business and...

Suppose Sio Inc. has 60 days of accounts receivable (AR) of $900,000 on its books. A factor offers a 60-day AR loan equal to 90 percent of AR. The quoted interest rate is 8 percent, and there is a...

The Tony Hawk Skate Park was built in early 2013. The construction was financed by $10 million of 5% bonds issued at face value, due in 10 years, with interest payable on June 30 and December 31 each...

All of the following would be good advice for someone who is trying to gain weight EXCEPT: A . Eat an additional 5 0 0 - 1 0 0 0 kcal dally 8 . Do not exerclse C . Eat small, frequent meals D . Limit...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Teamwork. Divide the class into teams of two. Each team member should select a childrens book or an excerpt that can be read to his or her partner in about ten minutes. Each reader should use his or...

Explain how pitch can be used to show comparisons and contrasts. (Objective 2)

Discuss the impressions given by a speaker who does each of the following: (Objective 5) a. Rocks back and forth on his or her feet b. Scans the audience by looking above members heads c. Sits on the...