Find return on equity for given net profit margin
EBM Corporation utilized $2 million in total assets last year to generate $5 million in sales. EBM's net profit margin was 4% and its debt ratio was 40%. What was EBM's return on equity?i) 4.00%ii) 1.70%iii) 10.00%iv) 16.67%
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Marsh Contractors agreed to construct a building at a contract price of $6,000,000. Marsh estimated total construction costs would be $4,000,000 and the project would be finished in 2012.
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EBM Corporation utilized $2 million in total assets last year to generate $5 million in sales. EBM's net profit margin was 4% and its debt ratio was 40%. What was EBM's return on equity?
At the end of its accounting period, December 31, the Allowance for Doubtful Accounts for Far-Fetch Corp. showed a debit balance of $4,325. An aging of accounts receivable indicated the amount likely uncollectible to be $3,900.
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General Fund payrolls for the year totaled $3,822,600. Of that amount, $472,040 was withheld for employees' federal income taxes; $291,740 for employees' share of FICA taxes; $171,610 for employees' state income taxes.
Spartan Stores is expanding operations with the introduction of a new distribution center. Not only will sales increase, but investment in inventory will decline due to increased efficiencies in getting inventory to showrooms.
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