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aaronbud590 aaronbud590
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6 years ago
A ski lodge had net income of 450,200 on its February 28 income statement. The balance sheet on the same day showed equity of 2,210,600. What is the return on equity, to the nearest tenth percent?

Q. 2

When a business was declared bankrupt, it had creditors' claims totaling 410,640. After all assets were sold and bankruptcy costs paid, 145,650 was left to pay creditors' claims. How much would a creditor receive if the creditor's claim was for 65,000?

Q. 3

Thompson Tool had net sales of 760,110 and net income of 189,300 last year. What was Thompson's net profit margin, to the nearest tenth percent?

Q. 4

A department store has current assets of 320,750 and current liabilities of 198,545. What is the store's current ratio, to the nearest tenth?

Q. 5

The Uptown Grill had a gross profit of 118,400 and operating expenses of 94,530 last month. What was its net income?

Q. 6

Combs and Stratton invested 140,000 and 360,000, respectively, in a partnership. They agreed to share net income in proportion to their investments. If the partnership's net income last year was 43,500, how much was each partner's share of the net income?
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gknightgknight
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6 years ago
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aaronbud590 Author
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#2
6 years ago
I wanna give this person a hug.
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