Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets $5,100,000 Long-term debt (10% interest rate) $740,000 Total stockholder's equity $2,200,000 Interest paid on long-term debt $74,000 Net income $410,000 Total assets at the beginning of the year were $4,900,000; total stockholders' equity was $2,000,000. The company's tax rate is 30% Required: 1. Compute the return on total assets. 2. Compute the return on equity.

Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.

Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets $5,300,000 Long-term debt (9% interest rate) $ 730, 000 Total stockholders' equity $ 2,500,000 Interest paid on long-term debt $ 65,700 Net income $ 400,000 Total assets at the beginning of the year were $5, 100,000; total stockholders' equity was $2,300,000. The company's tax rate is 40%. Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (i. e., 0.1234 should be entered as 12.3).) 3. Is financial leverage positive or negative?

General Finance

Financial Accounting

The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Line Item Description CurrentYear PreviousYear Accounts payable $184,000   $162,000   Current maturities of serial bonds payable 240,000   240,000   Serial bonds payable, 10% 1,190,000   1,430,000   Common stock, $1 par value 60,000   60,000   Paid-in capital in excess of par 590,000   600,000   Retained earnings 2,040,000   1,630,000   The income before income tax expense was $400,400 and $350,400 for the current and previous years, respectively. a.  Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. Line Item Description Ratio Current year fill in the blank 1 Previous year fill in the blank 2 b.  Determine the times interest earned ratio for both years. Round your answers to one decimal place. Line Item Description Ratio Current year fill in the blank 3 Previous year…

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Given the following information, what is the ratio of liabilities to stockholders’ equity?

The balance sheet for Fanning Corporation follows:          Current assets $ 247,000   Long-term assets (net)   752,000   Total assets $ 999,000   Current liabilities $ 144,000   Long-term liabilities   452,000   Total liabilities   596,000   Common stock and retained earnings   403,000   Total liabilities and stockholders’ equity $ 999,000         RequiredCompute the following. (Round "Ratios" to 1 decimal place.)  Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio

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