subject
Business, 06.03.2020 19:05 Redhead667

In 2016, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Turnpoint Inc. had net income of $700,000, assets of $4,000,000, sales of $1,300,000, and debt of 2,000,000. Did Turnpoint Inc’s return on equity improve from 2016 to 2017?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:30
List five words to describe your dominant culture. list five words to describe a culture with which you are not a member, have little or no contact, or have limited knowledge. can someone give me a example on how to answer this?
Answers: 1
question
Business, 22.06.2019 20:10
Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account
Answers: 3
question
Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
Answers: 1
question
Business, 23.06.2019 03:00
The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?
Answers: 1
You know the right answer?
In 2016, Turnpoint Inc. had net income of $400,000, assets of $5,000,000, sales of $2,000,000, and d...
Questions
question
Mathematics, 29.02.2020 23:26
question
Mathematics, 29.02.2020 23:31
question
Mathematics, 29.02.2020 23:32
Questions on the website: 13722367