 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
How to find Total Liabilties, Total Stockholder's Equity?
Net Income $765
Net Sales $36,762 Profit Margin 2.1% Net Sales $36,762 Average Total Assets ($15,719 + $16,078) divided by 2 = $15,898.5 Asset Turnover 2.3 times Net Income $765 Average Total Assets (from above) $15,898.5 Return on Assets 4.8% Total Liabilities ? Total Stockholders' Equity ? Debt to Equity Ratio ? Net Income $765 Average Stockholders' Equity (?+? ) divided by 2 = $? Return on Equity ? Can you please help me find Total Liabilities, Total Stockholders' Equity, Debit to Equity Ratio, Average Stockholders' Equity and Return Equity? You don't have to do this problem, but if you can just show me how, that would be very nice. Thanks. The given information is: Net Sales $36,762 Beginning total assets $15,719 Ending total assets $16,078 Beginning total liabilities $10,017 Ending total liabilities $10,394 Beginning stockholder’s equity $5,702 Ending stockholders’ equity $5,684 |
||||
Check out some similar questions!
The total equity of Pogo Company at the beginning of the 2006 period amounted to $2,500. During 2006 the company reported net income of $1,200 and paid a $500 dividend. If retained earnings at the end of 2006 is $1,100, what was the beginning contributed capital? A. Cannot be determined B. $400...
Gadsden Lawn and Mowing Service began operations on January 1, 2002. At the company’s inception, Bob Morgan contributed $100,000 of cash and equipment. During the year, Gadsden earned $200,000 of revenue, incurred $100,000 of expenses, and incurred no liabilities. Total owner’s equity at...
How do I find the equity for the following using the accounting equation? :confused: An company has assets equal to $123,000 and liabilities equal to $47,000 at year end. How do I figure out what the total equity for the year end would be? This is all the information I have available to me. ...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
