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Category > Business & Finance Posted 13 May 2017 My Price 5.00

Compute the return on stockholders’ equity if the company has sales of $20 million

2.     Pacific Fixtures lists the following accounts as part of its balance sheet.

Total assets

$10,000,000

Accounts payable

$ 2,000,000

Notes payable (8%)

1,000,000

Bonds (10%)

3,000,000

Common stock at par

1,000,000

Contributed capital in excess of  par

500,000

Retained earnings

    2,500,000

Total liabilities and stockholders’  equity

 $10,000,000

 

http://test.transtutors.com/qimg/b388a1e7-8e87-45ff-94d7-f55272eb2826.png

 

 

Compute the return on stockholders’ equity if the company has sales of $20 million and the following net profit margin:

a.3 percent

b.5 percent

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 13 May 2017 05:05 AM My Price 5.00

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Attachments

file 1494653288-Answer.docx preview (95 words )
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