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Author Question: Calgary Corp. recently reported total assets of $27,000 and total common equity of $11,000 on its ... (Read 79 times)

hgjjghgjh

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on: Aug 7, 2023

Question 1

Branch Corp.’s total assets at the end of last year were $525,000 and its net income after taxes was $45,000. What was its return on total assets?

◦

8.22%


◦

8.36%


◦

8.40%


◦

8.57%



Question 2

Calgary Corp. recently reported total assets of $27,000 and total common equity of $11,000 on its balance sheet. If the firm’s current stock price is $42 per share, what is the firm’s equity multiplier?

◦

1.55


◦

1.83


◦

2.10


◦

2.45

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by hgjjghgjh on Aug 7, 2023

ladan86

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Reply #1 on: Aug 7, 2023
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hgjjghgjh

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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