Answer:
ROA = 6.6%
ROE 14.52%
Explanation:
profit margin = net income / sale = 12%
assets turn over = sales / assets = 0.55
equity mutiplier = assets / equity = 2.2
ROE = return on equity = net income / equity
ROA = return on equity = net income / assets
we use the fraction properties to get ROE and ROA
ROA = 6.6%
We apply the same property to get ROE
ROE = 14.52%
Answer:
2190 ; 2560 ;
$778.2
Explanation:
Total worth of gasoline sold = 16003.50
Cost of regular = 3.30
Cost of premium = 3.45
Let :
premium Gallon sold = x
Regular gallon sold = 370 + x
Hence, mathematically;
(3.45*x) + (3.30 * (x + 370)) = 16003.50
3.45x + 3.30x + 1221 = 16003.50
6.75x = 16003.50 - 1221
6.75x = 14782.5
x = 14782.5 / 6.75
x = 2190
Premium Gallon sold = 2190 gallons
Regular gallon sold = 2190 + 370 = 2560 gallons
Profit per regular gallon sold = $0.15
Progit per premium Gallon sold = $0.18
Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2
Answer:
A. 1,406
Explanation:
Double-declining balance formula = 2 X Cost of the asset X Depreciation rate
The cost of asset = $7,500
salvage value = $500
estimated useful life = 8years
To calculate the depreciation value using Double-declining balance formula = 2 X Cost of the asset X Depreciation rate
Depreciation rate = 1/useful life *100 = (1/8) * 100 = 12.5%
Therefore
2 x $7500 x 12.5% = $1,875 - year 1
for the second year the cost of asset will be$ 7,500 - $1,875 = $5625
2 x $5625 x 12.5% = $1,406.25
Therefore the answer is $1,406
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