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RSB [31]
2 years ago
8

Cellar Wines has a debt-equity ratio of 0.54, sales of $728,700, net income of $94,900, and total debt of $382,000. What is the

return on equity
Business
1 answer:
grin007 [14]2 years ago
6 0

Answer:

13.42%

Explanation:

Here is an solution to the question below.

Debt equity ratio = 0.54

Sales = $728700

Net income = $94900

Total debt = $382000

Total equity ratio = net income / (total debt/ debt equity ratio)

total debt/ debt equity ratio = 382000/0.54 = 707,407.4

Total equity ratio = 94900/707,407.4

= 0.1342 x 100

= 13.42%

This is the return on equity.

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Answer:

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Explanation:

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All of the following represent cash outflows except E; Depreciation.

Further Explanation:

Cash outflows to a firm/business is how much cash for the business is available after taxes and capital are paid for. Interest payments, dividends and the purchase of equipment for the plant is considered into the cash flows.

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A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i
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A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

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work or job specialization

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