Based on the information in Table 4-3, the operating return on total assets is
A) 33.33%. B) 10.06%. C) 44.74%. D) 55.62%.
A
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Firms using the direct approach for the statement of cash flows must also present a reconciliation of cash flow from operations to net income
Indicate whether the statement is true or false
Service level is the complement of the probability of a stockout
Indicate whether the statement is true or false
Smith Motors Inc manufactures, distributes, and services automotive parts and engines worldwide. Smiths' income statement for the year just ending is shown below
Assume that today is the first day of Year 2 and that Smith's common shares are trading at a price of $68. In its most recent Management Discussion and Analysis (MD&A) Smith's management forecast earnings-per-share of $6 for Year 2. If Smith maintains its Year 1 payout ratio, then what will the dividend (per share) be in Year 2? Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $20,995 COGS 15,624 SG&A 2,466 Dep. Exp. 247 EBIT 2,658 Int. Exp. 55 Pre-Tax Income 2,603 Income Tax 898 Net Income 1,705 Shares Outstanding (millions) 205 Total Common Dividends $300.5 A) $0.77 B) $1.06 C) $1.44 D) $1.86 E) $2.06
When a firm stretches accounts payable without hurting its credit rating, the cost of giving up a cash discount is ________
A) reduced B) increased C) unaffected D) increased or decreased depending on the opening accounts payable balance