Calculate settles inc margin and net income

Assignment Help Accounting Basics

Reference no: EM132088276

Question: For the year ended December 31, 2016, Settles, Inc., earned an ROI of 10.4%. Sales for the year were $15 million, and average asset turnover was 2.6. Average stockholders' equity was $3.3 million.

Required: a. Calculate Settles, Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place.)

Margin %

Net income

b. Calculate Settles, Inc.'s return on equity. (Round your answer to 1 decimal place.)

Return on equity %

Reference no: EM132088276

Questions Cloud

Annualized interest rate : Delaney Inc. needs €1,180,000 in 30 days. Delaney can earn 0.03 annualized on a German security. The current spot rate for the euro is $1.00.

Compute norstar earnings per share : For the year ended December 31, 2016, Norstar Industries reported net income of $925,000. At January 1, 2016, the company had 800,000 common shares outstanding.

Discuss the different types of variables you will find : MGT305: Give an example of a business problem that would require research, and explain how it would be applied.

Determine the amounts necessary to record income taxes : Determine the amounts necessary to record income taxes for 2016 and prepare the appropriate journal entry. (If no entry is required for a transaction/event.

Calculate settles inc margin and net income : For the year ended December 31, 2016, Settles, Inc., earned an ROI of 10.4%. Sales for the year were $15 million, and average asset turnover was 2.6.

Every manager has different skills-specialties of expertise : Every manager has different skills, and specialties of expertise. describe when you would authorize that loan,

Compute the price of an Up-and-Out Put option : STATS 237 Project Assignment - The purpose of this question is to compute the price of an Up-and-Out Put option

Name an artist who has demonstrated positive responses : If you were a creative artist, how would you balance your creative output with your need to make money through sales?

Determine what is the break-even point in units : XYZ had sales of $19,500 (150 units at $130 per). manufacturing costs consisted of direct labor $2,550, direct materials $2,475, variable factor overhead.

User Account

All Pages