On December 31, Mercury Corporation has the following data available:
Net Income $ 190,000
Interest expense 40,000
Total assets at the beginning of the year 800,000
Total assets at the end of the year 760,000
Total common stockholders' equity at the beginning of the year 530,000
Total common stockholders' equity at the end of the year 490,000
What is return on equity? (Round your final answer to two decimal places, X. XX%)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On December 31, Mercury Corporation has the following data available: Net Income $ 190,000 Interest expense 40,000 Total assets at the ...” 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
The aggregate demand curve shows how real gdp purchased varies with changes in:
Answers (1)
What empowering means?
Answers (2)
Tom and Stacey are work on competing projects at work. They frequently need the same resources at the same time. The coworkers have dealt with the problem for a long time and have come to no resolution.
Answers (1)
A small business group assigned a member the task of "Devil's Advocate." What is this member's primary duty? a. To encourage groupthink by attacking solutions the group opposesb.
Answers (1)
1 Amazon Best Buy Walmart 2 Sales $88,988.00 $40,339.00 $485,651.00 3 Cost of sales 62,752.00 31,292.00 365,086.00 4 Gross profit $26,236.00 $9,047.00 $120,565.00 5 Selling, general, and administrative expenses 26,058.00 7,592.00 93,418.
Answers (1)
New Questions in Business
When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.
Answers (1)
A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:
Answers (2)
The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.
Answers (1)
What impact will a spike in wages cause to the labor demand curve?
Answers (1)
A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.
Answers (1)