User Account

All Pages

Calculate the roa rounded to the nearest whole percentage

Assignment Help Financial Accounting
Reference no: EM133066225

Question - A firm reported net income from continuing operations of $8,000 during a given fiscal year. Interest expense totaled $900 and this firm is in the 32% tax bracket. The firm reported minority interest in earnings of $95. Total assets at the start of the fiscal year was $28,000 and at the end of the fiscal year was $27,850. Calculate the ROA rounded to the nearest whole percentage.

A. 36%

B. 26%

C. 31%

D. 21%

Reference no: EM133066225

Questions Cloud

Estimate the value of the inventory destroyed in the fire : Travel purchased an additional $ 680,000 during June. Using the gross profit method, estimate the value of the inventory destroyed in the fire
Explain what mania stands for as causes of wwi : 1. Explain what MANIA stands for as causes of WWI. 2. Why was WWI nicknamed "the war to end all wars?"
Determine the cost of goods sold by fifo : The periodic inventory system is used. Determine the cost of goods sold by (a) FIFO, (b) LIFO, and (c) average cost methods
What the incremental earnings associated with new? machine : Daily Enterprises is purchasing a $10.2 million machine. If? Daily's marginal tax rate is 35%?, what are the incremental earnings associated with new? machine
Calculate the roa rounded to the nearest whole percentage : Total assets at the start of the fiscal year was $28,000 and at the end of the fiscal year was $27,850. Calculate the ROA rounded to nearest whole percentage
What would be the maximum transfer price per unit : Division B of the same company is currently buying an identical product from an outside provider for $55 per unit. What would be the maximum transfer price
BMS4887 Experimental Design and Statistics Assignment : BMS4887 Experimental Design and Statistics Assignment Help and Solution, Middlesex University - Assessment Writing Service
What are basic payment methods for healthcare firms : What are basic payment methods for healthcare firms, the nature of healthcare pricing (including the basic pricing formula), health maintenance organizations
Calculate diluted earnings per share for schreiber : The bonds can be converted to a total of 87,000 common shares. Calculate diluted earnings per share for Schreiber Corporation

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd