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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Financial Ratios
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Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (24%) Net income $ 23,700 Assets 17,400 $ 6,300 1,512 $4,788 What is the external financing needed? Multiple Choice O O $183,892 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,490 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,600. $17,936 Total $12,436 $13,536 Balance Sheet $ 106,000 $ 106,000 Debt $32,600 Equity 73,400 $ 106,000 Total
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Transcribed Image Text:The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (24%) Net income $ 23,700 Assets 17,400 $ 6,300 1,512 $4,788 What is the external financing needed? Multiple Choice O O $183,892 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,490 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,600. $17,936 Total $12,436 $13,536 Balance Sheet $ 106,000 $ 106,000 Debt $32,600 Equity 73,400 $ 106,000 Total
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