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Author Question: Denver Systems has total assets of 1,000,000; common equity of 400,000; a gross profit of 800,000; ... (Read 64 times)

ETearle

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on: Jul 11, 2018
Denver Systems has total assets of 1,000,000; common equity of 400,000; a gross profit of
  800,000; total operating expenses of 620,000; interest expense of 20,000; income taxes of 74,000;
  and preferred dividends of 30,000.
 
  What is Denver Systems' return on equity?
  A) 14.0 B) 20.0 C) 21.5 D) 7.5

Question 2

Allen Fund had NAV values of 9, 10, and 12 at the beginning, middle, and end of last year, respectively. It made a 1.00 per share distribution at mid-year. The average annual total return of the fund for the year is
 
  A)
 
  33.33.
  B)
 
  44.44.
  C)
 
  46.67.
  D)
 
  55.55.


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randomguy133

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Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

C


ETearle

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Reply #2 on: Jul 11, 2018
Correct answers!


randomguy133

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Reply #3 on: Jul 11, 2018
Great! Please up vote :D


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