General Account - At October 1, Bonita company reported owners equity of $70,000. During October, the owner made additional investments of $4,300 and the company earned a net income of $13,900. If the owner's equity at October 31 totals $80,700, what amount of owner's drawings were made during the month?

A company reports the following income statement and balance sheet information for the current year: Net income $132,370 Interest expense      11,510 Average total assets 2,180,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank  %

A company reports the following income statement and balance sheet information for the current year: Net income $638,800 Interest expense 112,730 Average total assets 5,330,000 Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %

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Baker Company reported total assets at December 31 totaling $56,600. The following selected amounts were taken from Baker Company’s financial statements for its year ending December 31:   Retained earnings $33,600   Sales $70,000 Accounts receivable 3,500   Common stock 15,000 Notes payable 8,000   Net income 17,500   How much is the company’s total shareholders’ equity at December 31? Group of answer choices $38,000 $48,600 $10,000 $55,500

The Butler-Huron Company’s balance sheet and income statement for last year are as follows: Balance Sheet (in Millions of Dollars)           Assets     Liabilities and Equity             Cash and marketable securities $139   Accounts payable*** $1,077 Accounts receivable* 976   Accrued liabilities   Inventories** 1,920     (salaries and benefits) 636 Other current assets 39   Other current liabilities 501 Total current assets $3,074   Total current liabilities $2,214 Plant and equipment (net) 3,503   Long-term debt and other   Other assets 6,625     liabilities 2,510 Total assets $6,625   Common stock 151       Retained earnings 1,750       Total stockholders’ equity $1,901       Total liabilities and equity $6,625           *Assume that all sales are credit sales and that average accounts receivable are the same as ending accounts receivable. **Assume that average inventory over the year was the same as ending inventory. ***Assume that average…

Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $436,600, fixed assets of $551,400, current liabilities of $418,000, and long-term debt of $317,300. Calculate Casello’s total stockholders’ equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)

Green Moose Company has the following end-of-year balance sheet: Green Moose Company Balance Sheet For the Year Ended on December 31 Assets   Liabilities   Current Assets:   Current Liabilities:   Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets:   Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus depreciation)           Common Equity       Common stock 800,000     Retained earnings 700,000     Total Common Equity $1,500,000 Total Assets $3,000,000 Total Liabilities and Equity $3,000,000   The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Green Moose Company generated $350,000 net income on sales of $13,000,000. The firm…

Question: financial accounting (8 marks)

A company reports the following income statement and balance sheet information for the current year. Net income $166,160 Interest expense 14,446 Average total assets 1,942,000 Determine the return on total assets. Round the percentage to one decimal place