Reference no: EM132703807
Questions -
Q1. The following information was available for the year ended December 31, 2019:
Sales $300,000
Net income 50,000
Average total assets 750,000
Average total stockholders' equity 500,000
Compute the ROE for the year ended December 31, 2019?
a. 20.0%
b. 10.0%
c. 6.7%
d. 16.7%
Q2. The following information was available for the year ended December 31, 2019:
Net sales $300,000
Cost of goods sold 210,000
Average accounts receivable for the year 15,000
Accounts receivable at year-end 18,000
Average inventory for the year 60,000
Inventory at year-end 70,000
Compute the number of days' sales in accounts receivable for 2019, using year- end accounts receivable?
a. 21.9 days
b. 26.1 days
c. 31.1 days
d. 18.3 days
Q3. The following information was available for the year ended December 31, 2019:
Sales $300,000
Net income 50,000
Average total assets 750,000
Average total stockholders' equity 500,000
Compute the ROI for the year ended December 31, 2019?
a. 20.0%
b. 16.7%
c. 6.7%
d. 10.0%
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