Synovec Company has a debt-equity ratio of .70. Return on assets is 8.4 percent, and total equity
Question:
Synovec Company has a debt-equity ratio of .70. Return on assets is 8.4 percent, and total equity is $840,000. What is the equity multiplier? Return on equity? Net income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Input area Debtequity ratio 0...View the full answer
Answered By
Javeria Zafar
Am highly motivated finance professional with over 5 years’ experience in accounting and finance department and highly aggressive in playing a vital role in financial decision-making and adding significant value to businesses and organizations. Am a high performing individual, demonstrating drive, enthusiasm and initiative, with the ability to work well under pressure, consistently delivering quickly and accurately and able to prioritize to ensure deadlines are met whilst maintaining a high standard of analysis.
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Question Posted:
Related Video
The Dupont analysis is an expanded return on equity formula, calculated by multiplying the net profit margin by the asset turnover by the equity multiplier. The DuPont analysis is also known as the DuPont identity or DuPont model.This Video will guide on how to calculate return on Equity and estimate profitability of shareholders using DuPont Analysis.
Students also viewed these Corporate Finance questions
-
Isolation Company has a debt equity ratio of .80. Return on assets is 7.9 percent, and total equity is $480,000. What is the equity multiplier? Return on equity? Net income? Just Dew It Corporation...
-
Nuber Company has a debt equity ratio of .80. Return on assets is 9.7 percent, and total equity is $ 735,000. What is the equity multiplier? Return on equity? Net income?
-
Mansker Company has a debt-equity ratio of .80. Return on assets is 8.9 percent, and total equity is $590,000. What is the equity multiplier? Return on equity? Net income?
-
Upon graduation from high school, John Abel immediately accepted a job as an electrician's assistant for a large local electrical repair company. After three years of hard work, John received an...
-
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be...
-
Scorcese Inc. is involved in a lawsuit at December 31, 2025. (a) Prepare the December 31 entry assuming it is probable that Scorcese will be liable for $900,000 as a result of this suit. (b) Prepare...
-
Figure P11.64 shows an insulated pipe attached to a tank of air. Estimate the maximum mass flow rate that the pipe could exhaust from the tank. Figure P11.64 p=3 MPa T= 298 K D = 10 cm f= 0.02 L = 25...
-
Use an Internet browser to search for the following terms: Electronic data interchange (EDI). Image-processing systems. Prepare a memo describing EDI and image- processing systems. Discuss the...
-
What is the output of running class C? class A { public A() { System.out.println("The default constructor of A is invoked"); } } class B extends A { public B() { System.out.println("The default...
-
A process has the following block diagram representation (a) Will the process exhibit overshoot for a step change in u? Explain/demonstrate why r why not. (b) What will be the approximate maximum...
-
Thorpe Mfg., Inc., is currently operating at only 90 percent of fixed asset capacity. Current sales are $680,000. How much can sales increase before any new fixed assets are needed? The discussion of...
-
For the company in the previous problem, suppose fixed assets are $640,000 and sales are projected to grow to $790,000. How much in new fixed assets are required to support this growth in sales? The...
-
(a) Draw the resonance forms of benzene, cyclobutadiene, and cyclooctatetraene, showing all the carbon and hydrogen atoms. (b) Assuming that these molecules are all planar, show how the p orbitals on...
-
Inc. settled an overdue account in the amount of $2,000 on January 16 with YYY Company. The customer signed a 30-day promissory note bearing 6% to the lender. What would be the JEs for both companies...
-
Continuing with Bolt data in the previous problem, assume Bolt budgeted a 10.0% share sales of total bolt products in the local market. Reliable industry data indicates that the actual total number...
-
Mary and Joseph are married with 2 children: Jesse, age 1 5 , and Jessica, age 8 . For the current year, the couple s taxable income is $ 3 0 0 , 0 0 0 . What is their tax credit amount related to...
-
Walaa Insurance Company has a surplus reinsurance treaty with Munich Re reinsurance company with retention limit of 1,500,000 SR from the sum insured. The maximum capacity of the surplus treaty is 8...
-
Eddie slick Haskell needs your tax advice regarding a recent stock transaction that didnt turn out the way he planned. On January 20, 2021, Slick purchased 100 shares of Tesla stock (ticker TSLA) for...
-
The moons surface shows no signs of a. Volcanic action b. Meteoroid bombardment c. Ever having melted d. Glacier erosion
-
CdF2 (s) Cd+ (aq) + 2 F- (aq) 1. A saturated solution of CdF2 is prepared. The equilibrium in the solution is represented above. In the solution [Cd+] eq = 0.0585 M and [F-] eq = 0.117 M. a....
-
Exchange Rates are exchange rate changes necessarily good or bad for a particular company?
-
International Risks at one point, Duracell International confirmed that it was planning to open battery-manufacturing plants in China and India. Manufacturing in these countries allows Duracell to...
-
Multinational Corporation given that many multinationals based in many countries have much greater sales outside their domestic markets than within them, what is the particular relevance of their...
-
If a set of m+1 data points (x,y) are to be represent by a least squares fit of y=c logx derive an expression for c in terms of x and y.
-
5 If 0 = then 4 cos(0) = sin(0) =
-
Determine the reactions of the given beam using slope deflection method. P = 25 kN, P2 = 25 kN, and w = 25 kN/m P1 P2 2m B 2m C 4m 21 Numerical answer in 4 decimal places and positive values only: RA...
Study smarter with the SolutionInn App