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Xenetech Industries Gathered the Following Selected Account Balance Information for the Years

Question 1

Essay

Xenetech Industries gathered the following selected account balance information for the years ended December 31,2010 and 2009:
                                                      12/31/1012/31/09\begin{array}{ll}12 / 31 / 10 & 12 / 31 / 09\end{array}
Curyent Assets                                    $90,000$122,000 \$ 90,000 \quad \$ 122,000


Long-Term Assets                              368,000316,000 368,000 \quad 316,000


Curyent Liabilities                               64,00088,000 64,000 \quad 88,000

Long-Term Liabilities                         112,000134,000 112,000 \quad 134,000

Owners' Equity                                      282,000      216.000 216.000


Net Sales                                                 439,000

Cost of Goods Sold                                  206,000


Net Income                                             115.000 115.000 Calculate the following ratios for 2010:
(
A)Return on Assets
(b)Return on Owners' Equity
(c)Asset Turnover
(d)Return on Sales
(e)DuPont ROI
(f)Debt-to-Equity

Correct Answer:

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