Ethelbert Inc. has sales of $5,366, total assets of $3,195, and a debt–equity ratio of 1.90. If its return on equity is 13 percent, what is its net income? (Round the intermediate calculations to 4 decimal places. Round the final answers to 2 decimal places. Please demonstrate your steps toward to your final answer. Only a number as your final answer will not yield full rewards)

Answer the following questions. Hint. Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $237,000 and its equity is $177,750. During the year, assets increase $80,000 and liabilities increase $56,000. What is the equity at year-end? b. Office Store Company has assets equal to $130,000 and liabilities equal to $98,000 at year-end. What is the equity for Office Store Company at year-end? c. At the beginning of the year, Quaker Company's liabilities equal $41,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $11,000 during the year. What are the beginning and ending amounts of equity? COS Graw Hill Complete this question by entering your answers in the tabs below. Required A Required B Required C At the beginning of the year, Quaker Company's liabilities equal $41,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $11,000 during…

The Digby's balance sheet has $103,750,000 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year? Select : 1 Save Answer $31.75 $30.85 $67.38 $15.30

LaDanion's Limos reports net income of $120,000, average total assets of $600,000, and average total liabilities of $240,000. Calculate LaDanion's return on assets and return on equity ratios.