About the return on equity

Assignment Help Financial Accounting

Reference no: EM131216768

At the beginning of the year, the net assets of Platinum & Steel Products were $382,400. The only transactions affecting stockholders' equity during the year were net income of $45,500 and dividends of $12,500. Required: Calculate Platinum & Steel Products's return on equity (ROE) for the year.

Reference no: EM131216768

Questions Cloud

Compute the margin of safety in dollars and as a ratio : In the month of June, Jose Hebert’s Beauty Salon gave 4,000 haircuts, shampoos, and permanents at an average price of $30. During the month, fi xed costs were $16,800 and variable costs were 75% of sales. Determine the contribution margin in dollars,..

Account for the full-fare and half-fare tickets : Southeast Airlines Inc. awards members of its Flightline program a second ticket at half price, valid for 2 years anywhere on its flight system, when a full-price ticket is purchased. How would you account for the full-fare and half-fare tickets?

Relational database model to the REA data model : Your firm wants to move from a relational database model to the REA data model. Explain to your senior management the risks and rewards of such of a move. Be sure to provide specific examples to support your response.

Ethical obligation to share with external clients : Determine whether a company has an ethical obligation to share with external clients that key information about them is being stored in the cloud. Speculate how external clients would react if they were told in advance or it was kept from them and th..

About the return on equity : Calculate Platinum & Steel Products's return on equity (ROE) for the year.

Flexible budget cost formula for indirect materials : Muntjac Corporation's flexible budget cost formula for indirect materials, a variable cost, is $1.25 per unit of output. Assume that actual units produced equals standard units produced. If the company's performance report for last month shows a $500..

What is maximum price snyder should pay for equipment : Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $25,000; Year 2, $30,000; and Year 3, $40,000. Snyder requires a minimum rate of return of 11%. What is the maximum price Snyder should..

What is the nature of fiduciary duty that general partner : James Carpenter contracted with Austin Estates, LP, to buy property in Texas. Carpenter asked Sandra McBeth to invest in the deal. He admitted that a dispute had arisen with the city of Austin over water for the property, but he assured her that it w..

Share of the gross income from the sale : Mr. H. Salt purchased a 1/8 interest in a producing oil well for $45,000. Recoverable oil reserves for the well were estimated at that time at 15,000 barrels 1/8 of which represented Mr. Salt's share of the reserves. During the subsequent year, Mr. S..

User Account

All Pages