Refer to the following selected financial information from Gomez Electronics. Compute the company's return on total assets for Year 2. Year 2Year 1Net sales$478,500 $426,250 Cost of goods sold 276,300 250,120 Interest expense 9,700 10,700 Net income before tax 67,250 52,680 Net income after tax 46,050 39,900 Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700
A. 2.6%.
B. 22.2%.
C. 15.2%.
D. 14.5%.
E. 9.6%.
Answer: C
You might also like to view...
Using the sustainability metric of ________, a firm would examine the pounds of physical resources wasted per unit of organizational output
A) material intensity B) energy intensity C) toxic emissions D) pollutant emissions E) water consumption
Keith, a clothing store owner, offers product suggestions to customers based on their current purchases. Which of the following is Keith trying to increase?
A) shared value B) share of customer C) social responsibility D) customer-generated marketing E) customer loyalty
Which of the following situations would most likely require persuasion within an organization?
A) Outlining company policy on personal use of e-mail B) Explaining a new procedure that will go into effect next month C) Asking employees to accept a pay cut to avoid layoffs or plant closings D) Informing employees about the new process for reporting overtime hours
Kollo Enterprises has a beta of 0.70, the real risk-free rate is 2.00%, investors expect a 3.00% future inflation rate, and the market risk premium is 4.70%. What is Kollo's required rate of return? Do not round your intermediate calculations.
A. 7.96% B. 7.30% C. 6.47% D. 6.96% E. 8.29%