Business, 16.10.2020 06:01 dhailyortegacampa131

The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended12/31/2021 Net sales $8,109
Cost of goods sold 4,927
Selling and administrative expense 2,069
Interest expense 576
Income before taxes 537
Net income 618
12/31/2021 12/31/2020
Cash and cash equivalents $1,135 $80
Receivables, net 1,170 824
Inventories 1,215 679
Land, buildings and equipment at cost, net
13,660 4,004
Total assets $17,180 $5,587
Total current liabilities $5,907 $2,369
Long-term debt 5,751 2,381
Total liabilities $11,658 $4,750
Total stockholders' equity $5,522 $837
Required:
Compute the return on equity for 2021, for Saratoga Springs Co. (Round your answer to 1 decimal place, e. g., 0.1234 as 12.3%.)
Return on equity%What will be an ideal response?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 02:30

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

Answers: 1

Answer

Business, 22.06.2019 19:10

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form

Answers: 3

Answer

Business, 23.06.2019 03:10

Norbert and suzie are both lineworkers for a utility company who have been working together for almost two years. norbert frequently tells suzie that the job is called "lineman" and not "linewoman," and thus, it is not a woman's job. he plays practical jokes on her such as hiding some of her tools and sabotaging her truck. he asks her when she plans on getting pregnant and staying at home to take care of her children and gives her copies of " wanted" ads for secretarial and waitress jobs. such behavior has kept suzie disturbed at work. if suzie complains about norbert's conduct:

Answers: 1

Answer

Business, 23.06.2019 15:50

Acorn farm, a coal mine, and a fishing company are all part of the industry. a. manufacturing b. service c. extractive d. retailing

Answers: 1

Answer

You know the right answer?

The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for t...

Questions