Question
In: Finance
Jolie Foster Care Homes Inc. shows the following data: Year Net Income Total Assets Stockholders'...
Jolie Foster Care Homes Inc. shows the following data:
| Year | Net Income | Total Assets |
Stockholders' Equity |
Total Debt | ||||
| 20X1 | $ | 155,000 | $ | 2,390,000 | $ | 761,000 | $ | 1,629,000 |
| 20X2 | 191,000 | 2,700,000 | 966,000 | 1,734,000 | ||||
| 20X3 | 208,000 | 2,730,000 | 1,770,000 | 960,000 | ||||
| 20X4 | 192,000 | 2,470,000 | 2,220,000 | 250,000 | ||||
compute the ratio of net income to total assets for each year. round to 2 decimal place and compute the ratio of net income to stockholders equity for each year.
Solutions
Expert Solution
| Net income/Total assets | Net income/Stockholders' equity | |
| 20X1 | 0.06 | 0.20 |
| 20X2 | 0.07 | 0.20 |
| 20X3 | 0.08 | 0.12 |
| 20X4 | 0.08 | 0.09 |
| Net income/Total assets | Net income/Stockholders' equity | |
| 20X1 | =155000/2390000 | =155000/761000 |
| 20X2 | =191000/2700000 | =191000/966000 |
| 20X3 | =208000/2730000 | =208000/1770000 |
| 20X4 | =192000/2470000 | =192000/2220000 |
jeff jeffy answered 11 months agoRelated Solutions
Jolie Foster Care Homes Inc. shows the following data: Year Net Income Total Assets Stockholders'...
Jolie Foster Care Homes Inc. shows the following data:
Year
Net Income
Total
Assets
Stockholders'
Equity
Total Debt
20X1
$
200,000
$
2,520,000
$
1,550,000
$
970,000
20X2
189,000
2,630,000
1,710,000
920,000
20X3
137,000
2,120,000
1,470,000
650,000
20X4
132,000
2,270,000
1,650,000
620,000
a-1. Compute the ratio of net income to total
assets for each year. (Input your answers as a percent
rounded to 2 decimal places.)
year
return on assets
2011
%
2012
%
2013
%
2014
%...
Jolie Foster Care Homes Inc. shows the following data: Year Net Income Total Assets Stockholders'...
Jolie Foster Care Homes Inc. shows the following data:
Year
Net Income
Total
Assets
Stockholders'
Equity
Total Debt
20X1
$
155,000
$
2,390,000
$
761,000
$
1,629,000
20X2
191,000
2,700,000
966,000
1,734,000
20X3
208,000
2,730,000
1,770,000
960,000
20X4
192,000
2,470,000
2,220,000
250,000
Compute the ratio of net income to total assets for each year.
(round to 2 decimal place)
Year Return on Assets
20X1 %
20X2 %
20X3 %
20X4 %
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