Barber and atkins are partners in an accounting firm and share net income and loss equally. barber's beginning partnership capital balance for the current year is $285,000, and atkins's beginning partnership capital balance for the current year is $370,000. the partnership had net income of $250,000 for the year. barber withdrew $90,000 during the year and atkins withdrew $100,000. what is barber's return on equity?
Solved
Show answers
More tips
- F Food and Cooking Discover the most delicious spaghetti with these tips...
- P Philosophy How did the concept of module arise in computer science?...
- F Food and Cooking How to Cook Julienne? Recipes and Tips...
- H Health and Medicine At What Age Does a Person Stop Growing?...
- F Family and Home How to Choose a Name for Your Baby?...
- F Food and Cooking Discover the Health Benefits of Cedar Nuts...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- L Leisure and Entertainment Carving: History and Techniques for Creating Vegetable and Fruit Decorations...
- F Food and Cooking How to Make Sushi: A Step-by-Step Guide to Perfectly Rolled Delights...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Business
- B Business Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below: Predator Runway...
- B Business BMC is considering upgrading the sound systems in their theaters so that their patrons can get the full experience from surround sound movies. They discovered that upgrade...
- B Business You purchased a round-trip ticket to a friend’s wedding in Cleveland on Saturday for $400, but on Sunday you discover your return flight is canceled due to weather. The airline...
- B Biology Explain how rocks can change, from one form to another, in a cyclical pattern....
- H History Can someone please help me out...
- E English What does the surgeon notice that Oliver’s mother is not wearing?...
- M Mathematics A custodian can clean 2 classrooms in 15 minutes. At this rate, how many classrooms can a custodian clean in 75 minutes? 10 classrooms...
- P Physics Describe how the heat is transferred in each picture (as many as you can)(due tmr pls help)...
- M Mathematics 6. If U = {1, 2, 4, 5, a, b, c, d, e}. What is the complement of C = {a, b, d, e, 1, 2, 4, 5) b) {c} a) d) U c) {C, 3}...
- M Mathematics Add. (6x2 – 2x) + (5x – 7)...
Ответ:
Barber's Return on Equity (ROE) is 1.28%
Explanation:
The formula to compute the ROE of Barber is:
ROE = Net Income / Shareholder's Equity
= $250,000 / $195,000
= 1.28%
It is a measure of the profitability ratio which evaluates the firm ability for generating profits from investment of shareholders.
Working Note:
Shareholder Equity of Barber = Beginning capital - Withdrew amount
= $285,000 - $90,000
= $195,000
Ответ: