What is the companys net income

Assignment Help Financial Accounting
Reference no: EM13508421

Recreational Supplies Co. has net sales of $9,359,409, an ROE of 15.60 percent, and a total asset turnover of 3.48 times. If the firm has a debt-to-equity ratio of 1.23, what is the company s net income?

Reference no: EM13508421

Questions Cloud

Symbolic interactionist perspective on religion : According to your text's discussion of the symbolic interactionist perspective on religion, "womens's versions of a certain religion probably differ markedly from men's versions." It goes on to discuss several examples of how this is/was manifeste..
Find the velocity of the rock just before it strikes ground : A rock is thrown from the edge of a cliff to the ground 24.0 m below. The rock has an initial velocity of 13.5 m/s, directed 24.0° above the horizontal. Find the velocity of the rock just before it strikes the ground
Efficient level of emissions reduction : Equimarginal principle requires that marginal costs be equated across the two polluters for emissions reduction costs to be minimized.
Determine the net downward force on the tanks flat bottom : You are assigned the design of a cylindrical, pressurized water tank for a future colony on Mars, where the acceleration due to gravity is 3.71 meters per second per second. Find the net downward force on the tank's flat bottom
What is the companys net income : Recreational Supplies Co. has net sales of $9,359,409, an ROE of 15.60 percent, and a total asset turnover of 3.48 times. If the firm has a debt-to-equity ratio of 1.23, what is the company s net income?
Estimate the weight of the rod : On a part-time job, you are asked to bring a cylindrical iron rod of length 94.7cm and diameter 2.50cm from a storage room to a machinist. Calculate the weight of the rod
Which is not a characteristic of a corporation : Rhubarb Corporation's outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year.
Strengths and weaknesses of the family structure : This chapter discusses the many changes that have occurred in the institution of the family over time. After having read the chapter, what do you consider to be the strengths and weaknesses of the family structure that you grew up in?
What is the heaviest weight you can put : A 369-N, uniform, 1.11-m bar is suspended horizontally by two vertical cables at each end. What is the heaviest weight you can put on without breaking either cable

Reviews

Write a Review

Financial Accounting Questions & Answers

  Substitute this guess into the model

All sums in the solution must be evaluated for the solution to be complete. If you solve the model by guessing a solution, substitute this guess into the model to con firm that the guess is correct.

  Cost allocation theory through cost drivers

Cost allocation theory through cost drivers - Why do they allocate costs anyway in a government (City Government) setting -- aren't cost allocation methods mostly for manufacturing companies?

  Express comprehensive cycle problem

Purchased inventory that cost $2,200 on account from Blue Company under terms 1/10, n/30. The merchandise was delivered FOB shipping point . Freight costs of $110 were paid in cash.

  Compute december sales and cost of goods sold

It was discovered that the insurance policy was renewed on December 1st; coverage will cost $6,720 for the next 12 months. Prepare the necessary entries.

  Illustrate what is the price of this stock today given

after which the company will keep a constant growth rate forever. Illustrate what is the price of this stock today given a required return of 12 percent?

  What is accumulated depreciation of pp and e

What is Accumulated depreciation of PP&E sold Cost of PP&E sold Cost of PP&E purchased

  How much overhead should be applied to customer order

How much overhead should be applied to the above customer order? After executing activity-based costing (ABC), the company's accountant identified the subsequent related information:

  Purpose a cash flow

Purpose a cash flow profile that shows the net cash flows for each time period (i.e., time 0, 1, 2, 3, and 4).  Calculate the NPV of the project.

  Effect on the contribution margin per unit and the

effect on the contribution margin per unit and the contribution margin ratio1. managerial accountinga.produces

  Make a flexible budgeted income statement

Make a Flexible Budgeted Income Statement using variable costing

  Effect of different type of lease transaction in balance

effect of different type of lease transaction in balance sheet.on january 1 2009 the needy company signed a lease that

  Q anderson manufacturing makes a single productnbsp budget

q anderson manufacturing makes a single product.nbsp budget information regarding the current period is given

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!

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