Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 11.00

Robinson Inc

Profitability ratios

The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and  2014:

December 31

 

 

 

2016 2015 2014 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,000 2,250,000 2,250,000 Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 500,000 500,000 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,574,000 1,222,000 750,000  

 

 

 

 

The 2016 net income was $372,000, and the 2015 net income was $492,000. No dividends on common stock were declared between 2014 and    2016.

a.     Determine the rate earned on total assets, the rate earned on stockholders’ equity, and the rate earned on common stockholders’ equity for the years 2015 and 2016. Round to one decimal place.

b.                             What conclusions can be drawn from these data as to the company’s profitability?

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 08:08 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions