What is the company debt ratio

Assignment Help Accounting Basics
Reference no: EM133101063

Question - National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its total assets turnover was 6.0, and the company's ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio?

Reference no: EM133101063

Questions Cloud

Major agents of socialization : Sociology: Choose three of the major agents of socialization (family, school, church/religion, peer, workplace, mass media, etc.) And explain how the major agen
What major regulatory obstacle does financial services face : What major regulatory obstacle does Financial Services face in trying to market the new annuity product in each state under the present system
What you motivates you as an employee : What are some different ways that managers can motivate their employees? And what you motivates you as an employee?
What the net profit and cash flow from this sale for year : Although the firm paid in full for merchandise during the year it only collected 10,000 at year end. What the net profit and cash flow from this sale for year
What is the company debt ratio : National Co. had P24,000,000 in sales last year. The company is financed entirely with debt and common equity. What is the company's debt ratio
Communication relate to particular communication genre : How does the purpose of the communication relate to the particular communication genre? Is the communication intended for external or internal distribution?
What is the net benefit of the proposed new equipment : The cash outlay for new equipment would be approximately P650,000. What is the net benefit of the proposed new equipment
Discuss the importance of undertaking robust investment : Discuss the importance of undertaking robust investment appraisals for projects including the issues that affect international capital investment projects
Performance metrics in corporate valuation : You've been assigned to give a presentation on how a company uses performance metrics in corporate valuation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the balance in supplies on january 1 the balance

adjusted trial balance january 31 2012 debit credit supplies 854 prepaid insurance 2490 salaries and wages payable

  What should be the future spot rate of the franc

Sweden's annual inflation rate = 7% 1-year future a) According to power purchasing parity (PPP), what should be the future spot rate of the franc

  What net income should nash report

Presented below are income statements prepared on a LIFO and FIFO basis for Nash Company, what net income should Nash report in 2016 and 2017

  Record the transactions in Speedy Transport Ltds journal

An independent appraisal valued the land at $201,000 and the building at $309,000. Record the transactions in Speedy Transport Ltds journal

  What amount be the accounts receivable balance on june

Xenos Company has the following sales projections for the coming months: What amount be the accounts receivable balance on June 30

  Prepare colah journal entries for the transactions

Prepare Colah journal entries for the transactions. Colah Company purchased $2,700,000 of Jackson, Inc., 5% bonds at par on July 1, 2021, with interest paid

  Income statement and balance sheet for gerrard construction

Income statement and balance sheet for Gerrard Construction Co. What other financial statements are required

  What the two major types of legal systems used in the world

What are the two major types of legal systems used in the world? How does the type of legal system affect accounting

  What are some reasonable expectations for research

Intangible assets may be a result of R&D efforts. How does research and development impact the value of an intangible assets. What are some reasonable.

  Calculate the amortization expense for the current year

Natural Resources purchased a mineral deposit for $800,000. The company mined 93,000 tonnes of ore. Calculate the amortization expense for the current year

  Remo company and angelo inc are separate companies that

remo company and angelo inc. are separate companies that operate in the same industry. following are variable costing

  Explain some of the various lease options when would you

explain some of the various lease options? when would you use one option over the others? what could be the financial

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