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Author Question: Last year, Urbana Corp. had $210,600 of assets, $448,000 of sales, $28,630 of net income, and a ... (Read 69 times)

fungirl

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on: Aug 7, 2023
Last year, Urbana Corp. had $210,600 of assets, $448,000 of sales, $28,630 of net income, and a debt-to-total-assets ratio of 42%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $49,000. Assets, sales, and the debt ratio would not be affected. By how much would the cost reduction improve the ROE?

◦

16.68%


◦

17.30%


◦

18.72%


◦

19.11%

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Marked as best answer by fungirl on Aug 7, 2023

MistyHubbard

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fungirl

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

aruss1303

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Reply 3 on: Yesterday
Wow, this really help

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