User Account

All Pages

Compute violet corporation return on assets

Assignment Help Accounting Basics
Reference no: EM132204945

Question - The following data were extracted from the records of Violet Corporation:

Profit P200,000

Interest expense 24,000

Preference dividend 20,000

Beginning assets 900,000

Ending assets 1,100,000

Beginning ordinary equity 580,000

Ending ordinary equity 620,000

Required:

A. Compute Violet corporation's return on assets.

B. Compute Violet corporation's return on ordinary equity.

C. Is the financial leverage favourable or unfavourable? Explain.

Reference no: EM132204945

Questions Cloud

What are the validity of a strengths : What are the validity of a strengths, weaknesses, opportunities, and threats (SWOT) analysis in strategic planning?
Association with a cost object : For each of your monthly costs, list whether it is a direct or indirect cost based on its association with a cost object (family member).
How to manage their finances related to owning a vehicle : Help them by making a list of direct and indirect cost that will allow them to understand how to manage their finances related to owning a vehicle.
What are the alternatives to content-based filtering : What are the alternatives to content-based filtering and collaborative filtering recommender systems? When is it most useful to use these alternatives?
Compute violet corporation return on assets : The following data were extracted from the records of Violet Corporation: Profit P200,000. Compute Violet corporation's return on assets
Calculate wayne basis at the end of the year : Wayne has a beginning basis in a partnership of $46,000. Cash distribution: $12,000. Calculate Wayne's basis at the end of the year
What are matthew initial basis and allowed losses : In 2014, Matthew contributes equipment with an adjusted basis of $40,000, What are Matthew's initial basis, allowed losses, and ending at-risk amount
Calculate the factory overhead application rate : Actual factory overhead incurred in the year to 30 June 2015 was $72,000. Calculate the factory overhead application rate (per direct labour hour) for the year
Incentive of status to reward or inspire sales associates : Which is an example of giving the specific incentive of status to reward or inspire sales associates?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ias overarching ethical principles include honesty

imas overarching ethical principles include honesty fairnessobjectivity and responsibility. what is the ethical

  Determine the service cost component of pension

Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31. (Enter your answer in millions. Omit the "tiny_mce_markerquot; sign in your response.)

  Compute albatross''s degree of operating leverage

Compute Albatross's degree of operating leverage

  Indicate the set-up of the basic bond information

Levon Company had the following transactions pertaining to its investments in bonds during 2017: Indicate the set-up of the basic bond information

  Determine the amount that mmi should propose to charge as

Determine the amount that MMI should propose to charge AS for the coming year using TDABC, assuming that MMI desired a profit of 25% of incurred cost.

  Construct an opening balance sheet for the partnership

The partnership assumes all liabilities encumbering the contributed assets. Construct an opening balance sheet for the partnership

  Compute the penalty the irs can assess against leland

What is the penalty if Leland's appraisal fee, Compute the penalty the IRS can assess against Leland

  Why a manager might submit a budget estimate

Explain the different reason why a manager might submit a budget estimate that is biased. How do you guard against this

  Carlyn corporations accumulated depreciation - furniture

carlyn corporations accumulated depreciation - furniture account increased by 7500 while 2750 of patent amortization

  Preparing a new proposal for consideration

The managers for divisions A and B are preparing a new proposal for consideration

  Prepare journal entry-income statement

The following information has been obtained for the Kerdyk Corporation. Compute taxable income and income tax payable for 2007.

  Crystal arts inc had earnings of 428900 for 2014 the

crystal arts inc. had earnings of 428900 for 2014. the company had 50000 shares of common stock outstanding during the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd