Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Calculate Return on Equity (ROE) for 2021 using the Dupont Equation

Cash
Accounts Receivable
Inventory
Current Assets
Fixed Assets
Gross
Accumulated Deprecation
Net Fixed Assets
Total Assets
Assets
$
$
$
$
$
12/31/2020
2,000 $
4,832
3,217
10,049 $
35,183 $
(22,640)
12,543 $
22,592 $
Cortland, Inc.
Balance Sheet
12/31/2021
4,800
6,614
2,843
14,257
39,456
(24,852)
14,604
28,861
Accounts Payable
Salary Payable
Current Liabilities
Long Term Debt
Total Liabilities
Common Stock
Retained Earnings
Total Equity
Total Liabilities and Equity
Liabilities
$
$
$
Equity
$
$
60
$
10
12/31/2020
1,600 $
315
1,915 $
1,823
3,738 $
10,000 $
8,854
18,854 $
22,592 $
12/31/2021
3,573
1,228
4,801
409
5,210
13,500
10,151
23,651
28,861
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Transcribed Image Text:Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Liabilities $ $ $ Equity $ $ 60 $ 10 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22,592 $ 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28,861
Cortland, Inc.
Income Statement
For Year Ended 12/31/21
Sales
Cost of Goods
Deprecation
Operating Expenses
EBIT
Interest
EBT
Tax
Net Income
Dividends
Addition to R/E
$ 40,000
12,512
2,212
17,275
$ 8,001
180
$ 7,821
2,265
$ 5,556
4,259
1,297
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Transcribed Image Text:Cortland, Inc. Income Statement For Year Ended 12/31/21 Sales Cost of Goods Deprecation Operating Expenses EBIT Interest EBT Tax Net Income Dividends Addition to R/E $ 40,000 12,512 2,212 17,275 $ 8,001 180 $ 7,821 2,265 $ 5,556 4,259 1,297
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