4
answers
2
watching
343
views
ThatDudeLv1
25 Jul 2022
***VERY URGENT**** can somebody please solve the return on total assets. That is the only one I have wrong and 7.2 and 9.2 are both wrong. This is very urgent and due in the next hour. Please help me I will make sure to like the answer. I really need this answer very soon.
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 830,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40 %, and the dividend per share of common stock was $ 0.75 last year and $ 0.40 this year, The market value of the company's common stock at the end of this year was $ 20. All of the company's sales are on account.
Required:
Compute the following financial data for this year:
1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)
1. Gross margin percentage
34.8
%
2. Net profit margin percentage
4.6
%
3. Return on total assets
________
%
4. Return on equity
11.25
%
***VERY URGENT**** can somebody please solve the return on total assets. That is the only one I have wrong and 7.2 and 9.2 are both wrong. This is very urgent and due in the next hour. Please help me I will make sure to like the answer. I really need this answer very soon.
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 830,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40 %, and the dividend per share of common stock was $ 0.75 last year and $ 0.40 this year, The market value of the company's common stock at the end of this year was $ 20. All of the company's sales are on account.
Required:
Compute the following financial data for this year:
1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)
1. Gross margin percentage | 34.8 | % |
2. Net profit margin percentage | 4.6 | % |
3. Return on total assets | ________ | % |
4. Return on equity | 11.25 | % |
annyong558Lv10
25 Nov 2023
shitalbhusare12Lv10
30 Jul 2022
Already have an account? Log in
Read by 1 person
mahayodha80Lv10
26 Jul 2022
Already have an account? Log in
Read by 1 person
rupakrajput5Lv3
26 Jul 2022
Already have an account? Log in