Question

What is the current year's return on equity (ROE)? Category Prior year Current year Accounts payable...

What is the current year's return on equity (ROE)?

Category

Prior year

Current year

Accounts payable

41,400

45,000

Accounts receivable

115,200

122,400

Accruals

16,200

13,500

Additional paid in capital

200,000

216,660

Cash

???

???

Common Stock @ par value

37,600

42,000

COGS

131,400

177,174.00

Depreciation expense

21,600

23,637.00

Interest expense

16,200

16,324.00

Inventories

111,600

115,200

Long-term debt

135,000

138,486.00

Net fixed assets

375,007.00

399,600

Notes payable

59,400

64,800

Operating expenses (excl. depr.)

50,400

69,394.00

Retained earnings

122,400

136,800

Sales

255,600

335,041.00

Taxes

9,900

19,025.00
Business   Finance   
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Homework Answers

Answer #1

Caclulation of Return on Equity  
Return on Equity= Net Income/Shareholders Equity  
29487/395460  
7.46%  

Particulars Amt ($)
Sales 335041
COGS -177174
Operating Expenses -69394
Depreciation -23637
Interest Expense -16324
Taxes -19025
Earnings after Tax/
Net Income		 29487

  

Shareholder's equity=  
Common stock+additional paid in capital+retained earnings  
42000+216660+136800  
395460  

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