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Managerial Accounting Ch. 21 Speech

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Essay's paper info

Topic:	Business
Number of pages / Number of words:	2 / 372

Essay's paper body

= 5400/60000

= .09

2) ROA ? nY + Int Exp (net of tax) / Avg Total Assets

top = 5400 + (1500 x .06) = 6300

avg tot. assets: = 40000 + 38250 / 2 = 39375

(6300 / 39375) = .16

3) ROE ? nY/Avg Common Stockholders Equity

5400 / [(19500 + 16275)/2]

= .3018

4) Current ratio ? Current assets / Current liabilities

10,800 / 9000

= 1...

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