At the beginning of the year, Parker Corporation's assets are $350,000 and its equity is $240,000. During the year, assets increase by $120,000 and liabilities increase by $45,000. What is the equity at the end of the year?

What is summits net income for the year?

What is the return on assets? General accounting

Net Income for the Year?

At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increase by $80,000, and at year-end assets equal $180,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity?

What is summits net income for the year? General accounting

If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the DSO, assuming a 360-day year?

What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year?                                                     Current Year            Preceding YearFixed assets (net)                        $1,260,000                $1,360,000Total long-term liabilities              300,000                 400,000

For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %

At the beginning of the year, Quasar Company's liabilities equal $57,000. During the year, assets  increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $16,000 during  the  year. What are the beginning and ending amounts of equity?