Destroyed large percentage of financial records

Assignment Help Financial Management

Reference no: EM131352335

A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.3 percent. Sales were $1,785,000, the total debt ratio was .33, and total debt was $658,000.

What is the return on assets (ROA)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Return on assets %

Reference no: EM131352335

Questions Cloud

Comparing two different capital structures-levered plan : Kyle Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 795,000 shares of stock outstanding. Use M&M Proposition I to find the price per share of e..

What is price per share of the company stock : Ward Corp. is expected to have an EBIT of $2,500,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $177,000, $109,000, and $127,000, respectively. What is the price per share of the company's st..

Company has an option to abandon the project : SSC is considering another project: the introduction of a "weight loss" smoothie. The project would require a $3.2 million investment outlay today (t = 0). The after-tax cash flows would depend on whether the weight loss smoothie is well received by ..

What was the company profit margin : Prince Albert Canning PLC had a net loss of £28,382 on sales of £494,162. What was the company’s profit margin? In dollars, sales were $700,266. What was the net loss in dollars?

Destroyed large percentage of financial records : A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.3 percent. Sales were $..

During the year the stock paid dividends : Tom purchased 100 shares of Dalia Co. stock at a price of $127.37 four months ago. He sold all stocks today for $123.29. During the year the stock paid dividends of $7.26 per share. What is Tom’s effective annual rate?

What is the company profit margin : The Dahlia Company has net income of $167,850. There are currently 32.65 days’ sales in receivables. Total assets are $856,000, total receivables are $148,100, and the debt–equity ratio is .65. What is the company’s profit margin? What is the company..

Calculate the projected annual production volume : Assume that Ideko's market share will increase by 40% percent per year (e.g., Ideko's market share will be 10.60% in 2006). What production capacity will Ideko require each year for the next five years? First compute the projected annual market share..

What is aftertax cash flow from the sale of this asset : Consider an asset that costs $600,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $170,000. If the relevant tax rate is 35..

User Account

All Pages