Suppose two firms with the same amount of assets pay the same interest rate on their debt and earn the same rate of return on their assets, and that ROA is positive. However, one firm has a higher debt ratio. Under these conditions, the firm with the higher debt ratio will also have a higher rate of return on common equity
a. True
b. False
Indicate whether the statement is true or false
True
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On June 30, Cleopatra, Inc. finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory. On July 6, Cleopatra completed the sale of the goods to a customer for $55,000 on account.
Provide the journal entry to record the sales revenue. Omit explanation.
The interest rate is also called the ________ rate.
What will be an ideal response?
Job performance is likely to be higher when a person's job values fit those required on the job
Indicate whether the statement is true or false.
The following is an example of:?Amount%Cash$ 300,0006Accounts receivable500,00010Inventory800,00016Long-term assets 3,400,000 68Total assets$ 5,000,000100
A. Both vertical and horizontal analysis. B. Diagonal analysis. C. Vertical analysis. D. Horizontal analysis.