A firm has the following balances on the balance sheet: 2021 190,820 60,970 30,920 Net fixed assets Current assets Current liabilities $ $ $ 2022 $440,394 $ 80,612 $ 40,575 Total sales is $1,500,000 with costs of $905,000. Depreciation is 45,000 and the tax rate is 34 percent. The firm does not have any interest expense. The company has paid 30% of the net income to shareholders as dividend In 2022 it has sold $10.000 worth of
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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why do we need to add the change in net working capital in the formula?
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