A fire has destroyed a large percentage of the financial records of the strongwell co. you have the task of piecing together information in order to release a financial report. you have found the return on equity to be 13.8 percent. sales were $979,000, the total debt ratio was 0.42, and total debt was $548,000. what is the return on assets? 6.92 percent 8.00 percent 8.45 percent 9.03 percent 9.29 percent
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A fire has destroyed a large percentage of the financial records of the strongwell co. you have the task of piecing together information in ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements is (are) false? (1). In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports. (2).
Answers (1)
You invest $1,000 today and expect to sell your investment for $2,000 in 10 years. (LO5-1) a. Is this a good deal if the interest rate is 6%? b. What if the interest rate is 10%?
Answers (1)
What is Germany's head of government called
Answers (2)
The cimarron middle school orchestra sold 8720.00 worth of candy bars in 28 days about how muck did they each make in a day
Answers (2)
What are three things to look at closely on the contract?
Answers (1)
New Questions in Business
Emma has ben promoted to a managerial position where she manages fifty employees in a division that has a history of low product output.
Answers (1)
Adams Industries holds 55,000 shares of FedEx common stock, which is not a large enough ownership interest to allow Adams to exercise significant influence over FedEx.
Answers (1)
On January 3rd, Gates Gems returned merchandise they purchased on account from Jewelry Wholesalers in the amount of $1,450. What is the transaction to reflect this return?
Answers (1)
Do you feel ethics is critical in every business transactions? and why?
Answers (1)
An increase in the size of a tax is most likely to increase tax revenue in a market with elastic demand and elastic supply. a) elastic demand and inelastic supply. b) inelastic demand and elastic supply. c) inelastic demand and inelastic supply.
Answers (1)