Using the income statement below, calculate the following profitability ratios for Western Bookkeeping and Tax Service. Assume that stockholder's equity equals $441,600 and total assets equal $640,000.
Profit margin ratio
Return on equity ratio
Asset turnover ratio
Write the profit margin and return on equity ratios as a percent, rounded to the nearest percent. Write the asset turnover ratio as a decimal, rounded to two decimal places.

Using The Income Statement Below, Calculate The Following Profitability Ratios For Western Bookkeeping

Answers

Answer 1

The computation of the profitability ratios for Western Bookkeeping and Tax Service is as follows:

Profit margin ratio = 8%Return on equity ratio = 8%Asset turnover ratio = 0.75.

What are profitability ratios?

Profitability ratios are the financial ratios that evaluate an entity's ability to convert its earnings (revenue) into profit versus different criteria.

Some of the common profitability ratios include:

Gross Profit MarginOperating Income RatioNet Income RatioReturn on Investment (ROI)Return on EquityReturn on Total AssetsAsset turnover RatioEarnings per share.

Stockholders' equity = $442,600

Total assets = $640,000

Net sales = $480,000

Net income = $36,000

Profit margin ratio = Net income/Net Sales x 100

= $36,000/$480,000 x 100

= 7.5%

= 8%

Return on equity ratio = Net income/Shareholders' Equity x 100

= $36,000/$442,600 x 100

= 8.13%

= 8%

Asset turnover ratio = Net Sales/Total Assets

= $480,000/$640,000

= 0.75

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If 2^2x = 2^3, what is the value of x?

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Answer:

x = 2

Step-by-step explanation:

C and D are mutually exclusive events. Find P(C or D).
P(C)= 3/7= P(D)= 4/7
P(C or D)

Answers

Answer:

[tex]P(C\ or\ D) = 1[/tex]

Step-by-step explanation:

Given

[tex]P(C) = \frac{3}{7}[/tex]

[tex]P(D) = \frac{4}{7}[/tex]

Required

[tex]P(C\ or\ D)[/tex]

Since the events are mutually exclusive, then:

[tex]P(C\ or\ D) = P(C) + P(D)[/tex]

So, we have:

[tex]P(C\ or\ D) = \frac{3}{7} + \frac{4}{7}[/tex]

Take LCM

[tex]P(C\ or\ D) = \frac{3+4}{7}[/tex]

[tex]P(C\ or\ D) = \frac{7}{7}[/tex]

[tex]P(C\ or\ D) = 1[/tex]

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

The amount of water that fits in a fish tank represents the Volume of the fish tank.

When you pour water, it occupies the space and the weight of the tank increases. So, it represent the volume

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Answers

Answer:

5.4 is the length

Step-by-step explanation:

5.333 - (12√5)/5 - round to nearest hundreth (5.4)

length total 5.4

Thanks and Rate my Answer Please!

The length of the smaller leg is 3.8 unit.

What is Pythagoras theorem?

Pythagoras theorem states that "the sum of the areas of the two squares on the legs (a and b) equals the area of the square on the hypotenuse (c)" i.e.

[tex]c^{2} = a^{2} + b^{2}[/tex]

Let the length of the leg be b and a.

According to the given question.

We have a rigth triangle which have congruent legs.

And hypotenuse, c = [tex]\frac{12\sqrt{5} }{5}[/tex]

Since, the legs are congruent.

Therefore,

a = b

Now, according to the Pythagoras theorem.

[tex]c^{2} = a^{2} + b^{2}[/tex]

[tex]\implies c^{2} = a^{2} + a^{2}[/tex]

[tex]\implies c^{2} = 2a^{2}[/tex]

[tex]\implies (\frac{12\sqrt{5} }{5} )^{2} = 2a^{2}[/tex]

[tex]\implies \frac{144\times 5}{25} = 2a^{2}[/tex]

[tex]\implies \frac{144}{5} = 2a^{2}[/tex]

[tex]\implies \frac{72}{5} = a^{2}[/tex]

[tex]\implies a = \sqrt{\frac{74}{5} }[/tex]

[tex]\implies a = \sqrt{14.8}[/tex]

[tex]\implies a = 3.84[/tex]

[tex]\implies a = 3.8[/tex] unit

Hence, the length of the smaller leg is 3.8 unit.

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Find the mean for the scores: 3.850; 5,300: 8,540; 4.300; 5,360. ​

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Answer:5470

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Root root 20^2 - 4^2
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a) 2(3) - 7(3) + 3(-4)
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Answer:

32

Step-by-step explanation:

PLEASE ANSWER ASAP FOR BRAINELST!!!!!!!!!!!!!!!!!!!!! :D
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Answer:

C.

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Frosted:

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Step-by-step explanation:

Answer:

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Answers

Answer:

4 tokens.

Step-by-step explanation:

The expected value of a given event is calculated as:

EV = (x₁*p₁ + x₂*p2 + ... + xₙ*pₙ)

Where xₙ is the n-th outcome, and pₙ is its probability.

In this case, our experiment is:

You draw two times.

We have 30 cards with no prize

We have 10 cards with a prize.

A total of 40 cards.

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x₁ = drawing a blank card = 0 tokens

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x₂ = drawing a prized card = 8 tokens.

The probability will be equal to the quotient between the number of prized cards and the total number of cards:

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Answers

Answer:

The volume of the solid is π/40 cubic units.

Step-by-step explanation:

Please refer to the graph below.

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[tex]\displaystyle A=\frac{1}{2}\pi r^2[/tex]

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How to find the volume of a three dimensional region bounded by curves?

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We can also use the fact that continuous curves are almost linear and non-changing in infinitely zoomed region.

The given solid has base bounded by x-axis, [tex]y=x^2[/tex] and 0≤x≤1

Its three dimensional region is along the z axis, for each x, there is a semicircle perpendicular with radius being 'y'.

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Answer:

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Step-by-step explanation:

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B. How will the product of 2.7 X 10.6 compare to the product of 3 X 10.6? Explain your answer.


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Answer:

Step-by-step explanation:

in A , because we are multiplying a number by the same number in each case, 10.6  we know, that the 3  as compared to the 2.7 , will make a bigger number 3*10.6  is greater than  2.7 * 10.6    ,  it's just a quick way to make sure our answer is good

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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The value of y given the inverse proportional relationship between the variables is b24.

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When two variables vary inversely, as one of the variable increases, the other variable decreases.

The equation that represents inverse proportion : x = k / y

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