User Account

All Pages

What is the return on assets

Assignment Help Financial Accounting
Reference no: EM133116016

Question - The Birdhouse Manufacturing Company posted $687,400 total annual sales and generated a profit margin of 4.8 percent. At the end of its fiscal year, Birdhouse's balance sheet reported total debt of $59,100 and total equity of $365,000. What is the return on assets?

a. 5.74 percent

b. 6.48 percent

c. 7.02 percent

d. 7.78 percent

e. 9.79 percent

Reference no: EM133116016

Questions Cloud

What was the operating cash flow : Last year, Radnor Tractor Company generated sales of $556,640. The company has no debt and paid income taxes of $14,000. What was the operating cash flow
What factors might influence someone money perspectives : What factors might influence someone's money perspectives? Do you think money perspectives can change over time?
Calculate the total logistics costs : Calculate the total logistics (landed) costs of these three modes and presents a cost table to management in the given format
How you will apply the two strategies in life concisely : Please explain briefly the two alternative budgeting strategies discussed in Chapter 3. Moreover, please share on how you will apply the two strategies in your
What is the return on assets : At the end of its fiscal year, Birdhouse's balance sheet reported total debt of $59,100 and total equity of $365,000. What is the return on assets
Research and explain about the fraud diamond : Research and explain about the Fraud Diamond (evolution of the Fraud triangle) in your own words and understanding
What is the diluted eps as of june : The average market price for the ordinary shares during the year was $2.7. The tax rate is 33%. What is the diluted EPS as of 30 June 20x5
Building automobile plants in three countries : You are hired as a political consultant for General Motors Company, which is considering building automobile plants in three countries: Brazil, China, and Polan
How does management accounting aid the decision maker : What are the differences between management and financial accounting and Describe how management accounting can be used in a manufacturing company

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