Quiz_Chapter11_Calculations_Sp2008

# Quiz_Chapter11_Calculations_Sp2008 - MGMT 3850 Quiz Chapter...

This preview shows pages 1–6. Sign up to view the full content.

MGMT 3850 Quiz Chapter 11 –  Calculations Professor: Lisa M. Russell

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
#4 For Meters, Inc., refer to the following information to answer the questions below Meters, Inc., reported net sales of \$874,916 and a net profit of \$74,563 on its most recent income statement. The company's balance sheet shows total assets of \$342,742 and total liabilities of \$88,367.
#4 What is the return on net worth ratio for Meters, Inc.? 8.5 percent 29.3 percent (p. 409) 21.8 percent 1.911

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
#4 Solution Net Profit to = Net Income = \$74,563 = 29.31% Equity Owner’s Equity* \$254,375 Owner’s Eq. = \$342,742 – \$88,367 = \$254,375 Net Income = \$74,563
#5 Refer to the following information to answer questions regarding Anita Lupino's toy and game shop Anita Lupino is planning to open her own toy and game shop. She has conducted a great deal of research at the local library, contacted the industry trade association, and has set up a meeting with a consultant at the SBDC next week. Before she goes to the SBDC, she wants to

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 05/05/2008 for the course MGMT 3850 taught by Professor Russell during the Spring '08 term at North Texas.

### Page1 / 8

Quiz_Chapter11_Calculations_Sp2008 - MGMT 3850 Quiz Chapter...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online