Solved

Xenetech Industries Gathered the Following Selected Account Balance Information for the Years

Question 84

Essay

Xenetech Industries gathered the following selected account balance information for the years ended December 31,2010 and 2009:
                                                      12/31/1012/31/09\begin{array}{ll}12 / 31 / 10 & 12 / 31 / 09\end{array}
Curyent Assets                                    $90,000$122,000 \$ 90,000 \quad \$ 122,000


Long-Term Assets                              368,000316,000 368,000 \quad 316,000


Curyent Liabilities                               64,00088,000 64,000 \quad 88,000

Long-Term Liabilities                         112,000134,000 112,000 \quad 134,000

Owners' Equity                                      282,000      216.000 216.000


Net Sales                                                 439,000

Cost of Goods Sold                                  206,000


Net Income                                             115.000 115.000 Calculate the following ratios for 2010:
(
A)Return on Assets
(b)Return on Owners' Equity
(c)Asset Turnover
(d)Return on Sales
(e)DuPont ROI
(f)Debt-to-Equity

Correct Answer:

verifed

Verified

Average Total Assets:
[$90,000 + $368,00...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents