D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5
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D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5
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- Q. 1 Y3K, Inc. has sales of $7425, total assets of $3,500, and a debt-equity ratio of 0.29. Assume the return on equity is 20% What is the net income? (DO NOT round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Step 1 Given information, Sales =$6,209 Total assets=$2,825 Debt-equity ratio(D/E)=1.10 Return on equity =11% arrow_forward Step 2 Return on equity(ROE) = (Profit margin)(Total asset turnover)(Equity multiplier) = (Profit margin)(Sales / Total assets)(1 + D/E) Therefore, Profit margin = [(Return on equity)(Total assets)] / [(1 + D/E)(Sales)] =[0.11*2,825]/[( 1 + 1.1)*6,209] =310.75/13,038.9 =0.0238325 Hence, Net income = Sales *profit margin =$6,209* 0.0238 =$147.98 But I am getting an error saying this answer is complete but not entirely correct?1-What will be the net income? a. 72000 b. 56000 c. 16000 d. 338000 Clear my choice Question 43 Not yet answered Marked out of 1.00 Flag question Question text What will be the Gross Profit at the end of the year December 2019 a. OMR 56000 b. OMR 16000 c. OMR 338,000 d. OMR 336,000 2-What is the Gross Margin in terms of Percentage? a. 16.66 b. 16.56 c. Cannot be determined d. 20.66 3-What will be the total operating expense? a. 21500 b. 53200 c. 41200 d. 19700 4-What will be the total Selling and distribution expense? a. 41200 b. 19700 c. 14800 d. 17200Question A24 Triango have achieved a gross profit margin of 40% for the year ended 31 Dec 2020 Cost of sales was £312,000 and the gross profit figure was £208,000. What was the sales revenue for the year?
- 33- Compute total income from the following? Gross Profit OMR 10000, Rent Paid OMR 1000, Commission received OMR 3000 and Dividend received OMR 2000. a. OMR 14000 b. OMR 15000 c. OMR 16000 d. OMR 13000chapter 3 7. Determine the customer return percent when gross sales are $138,300 and net sales are $127,430. Round your answer to two decimal places and add a percent sign (i.e. 15.37%).Year 1 Year 2 YR 1 YR2Sales (S) $ 614,405.00 $ 600,343.00 Cost of Good Sold (COGS) $ 385,101.00 $ 473,396.00 Gross Profit (GP) $ 229,304.00 $ 226,947.00 Calculate the following: (round to nearest percent) Answer Answer(a) Mark-up percent for year 1 (b) Mark-up percent for year 2 (c) Gross Profit for year 1 (d) Gross Profit for year 2
- (Photo) What is the cumulative income?Select one:a. OMR 6,100,000b. OMR 6,900,000c. OMR 6,500,000d. None of the other pointsA company has net income of $7.5 M with a net profit margin of 7.5%, and an EBITA margin of 12%. What is the company's EBITDA Group of answer choices S12M $12.5M $13.5M S13 Mchapter 3 4. Given the information below, what is the profit percent? Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Gross Sales $341,420 Customer Returns 29,870 Cost of Goods Sold 161,570 Expenses 138,140
- Gross profit During the current year, merchandise is sold for 18,300 cash and 295,700 on account. The cost of the goods sold is 188,000. What is the amount of the gross profit?Ratio of liabilities to stockholders' equity The Home Depot is the world's largest home improvement retailer and one of the largest retailers in the United States based on net sales volume. The Home De pot operates over 2,200 Home Depot stores that sell a wide assortment of building materials and home improvement and lawn and garden products. The Home Depot recently reported tl1e following balance sheet data (in millions): Year2 Year1 Total assets 39,946 40,518 Total stockholders' equity 9,322 12,522 a.Determine the total liabilities at the end of Years 2 and 1. b.Determine the ratio of liabilities to stockholders' equity for Year 2 and Year 1. Round to two decimal places. c.What conclusions regarding the margin of protection to the creditors can you draw from (b)?Hw.131. Sheridan Corporation reported net sales of $284,700, cost of goods sold of $156,585, operating expenses of $43,800, net income of $28,470, beginning total assets of $537,100 and ending total assets of $604,200 (a1) Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, eg10.2%)
