Computing return on equity
1. Firm's net income for year was $200,000. Average assets totaled $1.5 million, and average liabilities totaled $0.3 million. Return on equity was:
A. 13.3% B. 16.7% C. 10% D. 20%
2. Write down two reasons why company would not declare dividends
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Which of the given is the objective of financial reporting by business enterprises?
Firm's net income for year was $200,000. Average assets totaled $1.5 million, and average liabilities totaled $0.3 million. Return on equity was?
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Harpoon, is a United State multinational corporation that ships small appliances to its subsidiary in Austria. The marginal profits tax rate in the U.S. is 34%, and the marginal profits tax rate in Austria is 55%.
Accounting concept/principle being applied when adjustment is made is generally matching revenue and expense.
Which of the following statements is true? When investors' required rate of return is less than the bond's coupon rate, then market value of the bond will be greater than par value.
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