This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: LeCompte Corp. has $406,000 of assets, and it uses only common equity capital (zero debt). Its sales ... (Read 45 times)

urmomsucks

  • Full Member
  • ***
  • Posts: 146
on: Aug 7, 2023

Question 1

Last year, Vaughn Corp. had sales of $462,000 and a net income of $20,540, and its year-end assets were $331,000. The firm’s total-debt-to-total-assets ratio was 46.0%. Based on the DuPont equation, what was Vaughn’s ROE?

◦

10.05%


◦

11.53%


◦

12.65%


◦

13.78%



Question 2

LeCompte Corp. has $406,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $750,000, and its net income after taxes was $30,200. Shareholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 18%. What profit margin would LeCompte need in order to achieve the 18% ROE, holding everything else constant?

◦

9.52%


◦

9.60%


◦

9.74%


◦

9.88%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by urmomsucks on Aug 7, 2023

athenaheim

  • Full Member
  • ***
  • Posts: 189
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.
Answer Preview
Only 44% of students answer this correctly


urmomsucks

  • Member
  • Posts: 146
Reply 2 on: Aug 7, 2023
Excellent

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Examples of common surgical positions. Examples of common surgical positions.
Common locations of venous thrombosis. (A) The most common sites of deep vein thrombosis. (B) DVT ex Common locations of venous thrombosis. (A) The most common sites of deep vein thrombosis. (B) DVT ex
The most common drug used to facilitate date rape is alcohol, not GHB. The most common drug used to facilitate date rape is alcohol, not GHB.
Common Types of Neuropathic Pain Common Types of Neuropathic Pain
Common Bacterial Pathogens Common Bacterial Pathogens
Common Characteristics of the Inheritance of Autosomal Common Characteristics of the Inheritance of Autosomal
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library