Bright Star Electronics had annual revenues of $425,000 and expenses of $298,500, and paid dividends of $35,000 during the current year. The retained earnings account before closing had a balance of $562,000. What is the net income for the year?

Loomis, Inc. reported the following on the company’s income statement in two recent years: Please see the image for details: a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place.b. Is this ratio improving or declining?

Loomis, Inc. reported the following on the company's income statement in two recent years: Current Year Prior Year $ 13,500,000 Interest expense $ 16,000,000 Income before income tax expense 432,000,000 310,500,000 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. Is this ratio improving or declining? b.

Flitter reported net income of $23,500 for the past year. At the beginning of the year the company had $212,000 in assets and $62,000 in liabilities. By year end, assets had increased to $312,000 and liabilities were $87,000. Calculate its return on assets: Multiple Choice 11.1%. 9.0%. 7.5%. 35.7%. 26.0%.

Benson Company’s net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over the three-year period are computed, with Year 1 serving as the base year.The trend percentage for Year 3’s net income is: Select one: A. 117.30% B. 86.36% C. 120.92% D. 130.29%

KJ Inc. just reported a net income of 800 in its most recent year, and paid a dividend of 260. the previous years retained earnings was 1960. what is the most recent retained earnings?

Rosalind Company reported revenues of $111,500, expenses of $92,545, and net income of $18,955 for the year. Assets totaled $200,000 at the beginning of the year and $246,000 at the end of the year. The company's return on assets for the year (round the percent to one decimal) is:

What is the company's average total assets for the year on these general accounting question?

Answer this Financial Accounting

For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 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 %