skip to Main Content
The smarter way
to do assignments.

Please note that this is just a preview of a school assignment posted on our website by one of our clients. If you need assistance with this question too, please click on the Order button at the bottom of the page to get started.

The following information is from the 2016 annual report of Tellarite Company, a company that supplies manufactured parts to the phaser industry.                       Average total assets………………………… $24,500,000                       Average interest-bearing debt…………….. 10,000,000                       Average other liabilities……………………….. 2,250,000                       Average shareholders’ equity……………… 12,250,000                       Sales………………………………………………… 49,000,000                       Interest expense……………………………………. 800,000                       Net income…………………………………………. 2,450,000REQUIRED:1.    Show the calculation of Tellarite’s ROA for 2016 using a combined federal and state income tax rate of 40% where needed.2.    Show the calculation of the profit margin and turnover components of ROA for 2016.3.    Tellarite’s management believes that various business initiatives will produce an asset turnover rate of 2.25 next year. If the profit margin next year is unchanged from 2016, what will be the company’s ROA? Please show the calculation.

GET HELP WITH THIS ASSIGNMENT TODAY

Clicking on this button will take you to our custom assignment page. Here you can fill out all the additional details for this particular paper (grading rubric, academic style, number of sources etc), after which your paper will get assigned to a course-specific writer. If you have any issues/concerns, please don’t hesitate to contact our live support team or email us right away.

How It Works        |        About Us       |       Contact Us

© 2018 | Intelli Essays Homework Service®