The manager of a profit center is responsible for generating revenues and managing the center's invested capital
Indicate whether the statement is true or false
FALSE
You might also like to view...
Depreciation is included in cash flow analysis in capital budgeting decisions to ensure that the original cost of the asset is fully recovered
Indicate whether the statement is true or false
In a short essay, discuss the concept of the sampling distribution
What will be an ideal response?
In a perpetual inventory system, a purchase allowance is treated as a decrease in expenses by the company that purchased the goods.
Answer the following statement true (T) or false (F)
Brill Corporation has provided the following financial data: Year 2Year 1Total assets$1,360,000 $1,320,000 Total liabilities$601,000 $570,000 Common stock, $2 par value$140,000 $140,000 Total common stockholders' equity$759,000 $750,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,300,000 Cost of goods sold 900,000 Gross margin 400,000 Operating expenses 364,143 Net operating income 35,857 Interest expense 20,000 Net income before taxes 15,857 Income taxes (30%) 4,757 Net income$11,100 Dividends on common stock during Year 2 totaled $2,100. The market price of common stock at the end of Year 2 was $2.32 per share.Required:a. What is the company's times interest earned ratio for Year 2?b. What is the company's debt-to-equity ratio
at the end of Year 2?c. What is the company's equity multiplier at the end of Year 2?d. What is the company's net profit margin percentage for Year 2?e. What is the company's gross margin percentage for Year 2?f. What is the company's return on total assets for Year 2?g. What is the company's return on equity for Year 2?h. What is thecompany's earnings per share for Year 2?i. What is the company's price-earnings ratio for Year 2?j. What is thecompany's dividend payout ratio for Year 2?k. What is thecompany's dividend yield ratio for Year 2?l. What is the company's book value per share at the end of Year 2? What will be an ideal response?