subject
Business, 06.05.2020 02:01 elwinelwin9475

On December 31, Mercury Corporation has the following dataavailable:

Net Income $180,000
Interest expense 10,000
Total assets at the beginning of the year 810,000
Total assets at the end of the year 740,000
Total common stockholders' equity at the beginning of the year 520,000
Total common stockholders' equity at the end of the year 510,000

What is return on equity? (Round your final answer to two decimal places, X. XX%)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:10
Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?
Answers: 1
question
Business, 22.06.2019 04:10
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
question
Business, 22.06.2019 18:00
Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.
Answers: 2
question
Business, 22.06.2019 22:30
Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.
Answers: 1
You know the right answer?
On December 31, Mercury Corporation has the following dataavailable:

Net Income $180,00...
Questions
question
English, 27.06.2021 14:00
question
Mathematics, 27.06.2021 14:00
question
Biology, 27.06.2021 14:00
question
World Languages, 27.06.2021 14:00
question
Mathematics, 27.06.2021 14:00
question
Mathematics, 27.06.2021 14:00
Questions on the website: 13722367