What is the company's ROE?A. 41.23B. 20.02C. 10.07D. 23.56 TABLE P3.3 Balance Sheet, Peachtree Construction (31 December 2016)AssetsCurrent assetsCash$243,146Accounts receivable201,573Trade accountsRetainage42,147Total accounts receivable243,720Material inventory1,873Work in process (costs and estimated earnings in excess of76,142billings)Prepaid expenses6,148Other current assets782Total current assets571,811Fixed assets542,173Machinery and equipmentCars and trucks49,214Furniture and fixtures5,812Total depreciable assets597,199Less accumulated depreciation291,314Net fixed assets305,885Total assets877,696Current liabilitiesAccounts payable236,144Retainage payable21,312Notes payable84,211Accrued liabilities15,827Work in process (billings in excess of costs and estimated5,163earnings)Other current liabilities1,421Total current liabilities364,078Long-term liabilities138,481Total liabilities502,559Capital stock15,000Retained earnings360,137Total net worth375,137Total liabilities and net worth$877,696LiabilitiesNet worthTABLE P3.4 Income Statement, Peachtree Construction (Year ended 31December 31, 2015)% of SalesNet sales-total revenue costs2,143,761100Materials1,013,913Labor (includes all payroll taxes548,271and union fringes)Subcontracts201,798Other direct costs51,450Total direct costs1,815,432Gross profit328,329Operating expensesVariable overheadAuto and truck12,089Communications5,575Interest1,275Miscellaneous213Office supplies1,943Travel and entertainment871Total variable overhead21,966Fixed overheadContributions675Depreciation8,238Dues and subscriptions514Insurance12,475Legal and audit2,315Licenses and taxes175Payroll taxes (office only)51,790Rent2,506Repairs and maintenance375Salaries-office23,418Salaries-officers38,410Total fixed overhead140,891Total overhead162,857Net profit before taxes165,472State and federal taxes77,076Net profit88,39647.325.579.412.484.6815.320.570.260.050.010.090.041.020.030.380.020.580.10.012.420.120.021.11.796.577.597.733.64.13

Name: What is the company's ROE?A. 41.23B. 20.02C. 10.07D. 23.56 TABLE P3.3
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Description: What is the company's ROE?A. 41.23B. 20.02C. 10.07D. 23.56 TABLE P3.3 Balance Sheet, Peachtree Construction (31 December 2016)AssetsCurrent assetsCash$243,146Accounts receivable201,573Trade accountsRetainage42,147Total accounts receivable243,720Mater

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What is the company's ROE? A. 41.23 B. 20.02 C. 10.07 D. 23.56

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.4.1P: Multiple-step income statement and report form of balance sheet The following selected accounts and...

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