Compute the company return on equity in the current year

Assignment Help Accounting Basics
Reference no: EM133171746

Question - Cat Fancy. Inc., has provided the following information from its most current financial statements.

Total revenue $150,000

Total expenses 96,000

Total current assets 38,400

Total current liabilities 9,600

Total stockholders' equity, previous year 88,800

Total stockholders' equity current year 91,200

Required -

a. Compute the company's net income percentage in the current year.

b. Compute the company's return on equity in the current year.

c. Compute the company's current ratio at December 31, current year.

Reference no: EM133171746

Questions Cloud

Prepare the consolidation adjustments journal entries : VW paid dividend of RM30,000 to the shareholders although reported loss for the current year. Prepare consolidation adjustments journal entries for DS Berhad
Set organizational mission and goals : Considering the business, you are currently working in, or you previously worked in, if you are a leader or manager, how you would set objectives and goals?
Record the repurchase of its shares by taterbeer in march : In August, it reissued 1,200 shares of treasury stock for $54 per share. Record the repurchase of 2,000 of its shares by Taterbeer in March
Strategic Human Resource Management : Explain the importance of human resource department in having strategic departmental goals.
Compute the company return on equity in the current year : Cat Fancy. Inc., has provided the following information from its most current financial statements. Compute the company's return on equity in the current year
Is the Cougar claim : Is the Cougar's claim that Congress does not have the power to regulate copyright within a single state valid?
Prepare all journal entries necessary : Prepare all journal entries necessary if Randolph uses the equity method to account for its investment in Norton. Be sure to include the amount of goodwill
Analyze how different delivery styles of communication : Analyze how different delivery styles of communication from leaders can positively or negatively affect the behavior and performances of followers.
Framework that provides insight in different organization : Organization Culture Profile (OCP) is a framework that provides an insight into different organization types. Which of the following does NOT accurately describ

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the correcting entries

At Raymond Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries

  Describe the value each share in lazen

Lazenby plc has been set up to exploit on opportunity to import a new product from overseas. It has issued two million ordinary shares of par value $0.25.

  What is the perpetual method of tracking inventory how does

what is the perpetual method of tracking inventory? how does it differ from the periodic method of tracking inventory?

  Prepare journal entries for record the modification

Prepare journal entries for 2017 and 2018 to record the modification of terms. Grey Company has an overdue 8% note payable to City Bank at P8,000,000

  What price did linda pay for the bond

Linda was attracted to the Bond because she knew that she would receive $75.00 in interest twice per year. What price did Linda pay for the Bond

  Determining after-tax yield to maturity

If the investor holds the bond until it matures and collects the $1,000 par value from the Treasury and his marginal tax rate is 28 percent, what will his after-tax yield to maturity be?

  Discuss journalize the revenue transaction

Journalize the revenue transaction, and indicate how recording this revenue in December would affect the current ratio

  Determining the theoretical paradigm

Which theoretical paradigm (functionalism, conflict theory, or interactionism) would be most interested in the study of language? Why?

  Compute the labor rate variance for January

In January the company produced 3,400 units using 13,600 pounds of the direct material and 2,840 direct labor-hours. Compute the labor rate variance for January

  What purpose does the federal trade commission serve

What purpose does the Federal Trade Commission serve and why must business owners be educated on Federal Trade Commission practices?

  Compute findlay cost of goods sold

Sales for for 2013 totaled $6,400,000. Cost of goods sold was $3,540,864. Compute Findlay's cost of goods sold assuming it uses the FIFO method

  Determine the amounts before the stock dividend was

determine the amounts before the stock dividend was declared 1 total paid-in capital 2 total retained earnings and 3

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!

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