John Inc. is a manufacturing business. For a given accounting period, the business's total revenue amounted to $75,000, while its expenses came to $35,000. The total shareholders' equity on the businesses balance sheet was $150,000. What is John Inc.'s return on equity for this accounting period?
A.
16.66 percent
B.
26.66 percent
C.
36.66 percent
D.
46.66 percent
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “John Inc. is a manufacturing business. For a given accounting period, the business's total revenue amounted to $75,000, while its expenses ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Save the Animals is a conservation organization that qualifies under §501 (c) (3). Save the Animals made $14 million in exempt purpose expenditures and $900,000 in lobbying expenditures.
Answers (1)
20. Frictional unemployment is inevitable because: A) different sectors do not shift. B) the economy needs to be lubricated. C) workers never quit their jobs to change careers. D) the demand for different goods always fluctuates.
Answers (1)
The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent company. Where in the consolidated balance sheet is this outside ownership interest recognized?
Answers (1)
At the end of 2017 , Apple had cash and short-term investments of $ 74.48 billion, accounts receivable of $ 17.58 billion, current assets of $ 128.78 billion, and current liabilities of $ 101.27 billion. a. What was Apple's current ratio? b.
Answers (1)
The chief executive officer (or ceo) is the top executive officer, and he or she reports to the board. the chairperson of the board often also serves as the ceo.
Answers (1)
New Questions in Business
Jill Parker owns 2,000 acres of ranchland in Iowa. Recently, a supply of natural gas was discovered on her property. Not knowing much about the marketing environment, she asks you what she should do. Which of the following is the BEST advice? A.
Answers (2)
Which of the following should be kept in mind when deciding between mac and windows computers? a. apple computers can't run windows software. b. apple computers are generally more expensive. c. windows computers are more stable d.
Answers (1)
Global Shipping Corporation and Harbor Warehouse Company transfer their property to Investment Managers, Inc., which manages the property and distributes the profits to Global Shipping and Harbor Warehouse. This form of a business organization is
Answers (1)
Cash Discount Calculations On June 1, Meadow Company sold merchandise with a list price of $40,000. For each of the sales terms below, determine the proper amount of cash received: Credit Terms Date Paid 1 2/10, n/30 June 8 2 1/10, n/30 June 15 3
Answers (1)
A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the following could be a likely effect on the economy?
Answers (1)