On December 31, Mercury Corporation has the following data available:
Net Income $ 190,000
Interest expense 40,000
Total assets at the beginning of the year 800,000
Total assets at the end of the year 760,000
Total common stockholders' equity at the beginning of the year 530,000
Total common stockholders' equity at the end of the year 490,000
What is return on equity? (Round your final answer to two decimal places, X. XX%)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On December 31, Mercury Corporation has the following data available: Net Income $ 190,000 Interest expense 40,000 Total assets at the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
John Noble speculated that Howie really didn't know much about his employees, including the types of rewards that they found meaningful and whether they personally felt if they worked hard, they could achieve a reward. Nobles thoughts referred to A.
Answers (1)
If price rises, what happens to quantity supplied of a product?
Answers (1)
A seller at a farmer's market wants $10 for a bag of 10 apples. You think his price is too high, so you counter with an offer of $6 for the bag. The seller then offers you a much smaller bag of five apples for $6.
Answers (1)
In recording its acquisition of Lambda, Inc., Omega, Inc. properly recognized a contingent consideration liability of $28,000 associated with a possible payment based on a target amount of post-combination cash flow from operations.
Answers (2)
Sharice was concerned that she would not be able to afford the payments on her new credit card. Even though she has not used it for any purchases, they issued her a credit line of $10,000 long dash - and now she is really upset and doesn't know what
Answers (1)
New Questions in Business
At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,000 Total fixed expenses: $ 20,000 Variable factory overhead $ 30,000 Fixed factory overhead: $ 10,000 There were no
Answers (1)
Super Saver Groceries purchased store equipment for $35,500. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500.
Answers (1)
What information goes into a credit score
Answers (1)
What age groups are cared for by primary care physicians?
Answers (1)
Prices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate 1 5 % 2 6 3 7 In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $50 with par value $1,000. a.
Answers (1)