On january 1, 2017, trinity company loaned $901,560 to litton industries in exchange for a 3 year, zero-interest-bearing note with a face amount, $1,200,000. the prevailing rate of interest for a loan of this type is 10%. the adjusting journal entry made by litton at december 31, 2017 with regard to the note will include

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows: