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I need this in 12 hours, I know its asking alot but is their anyway you guys can do this and please give step by step explanations. I cannot understand these problems and need to study them for a huge...

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I need this in 12 hours, I know its asking alot but is their anyway you guys can do this and please give step by step explanations. I cannot understand these problems and need to study them for a huge final exam tommorow. Please give me a good price I have spent alot of money on your website and have been a loyal customer, I don't have have much money to spend tonight please help.
Answered Same Day Dec 23, 2021

Solution

Robert answered on Dec 23 2021
131 Votes
3) Y3K, Inc has sales of 3,100 total assets of 1,580, and debt –equity ratio of 1.20. If its return on equity is 16 percent, what is its net income?
Solution:
Equity = E/ (D + E)*Total Assets
= 1/ (1.20 + 1)*1,580
= 718.18
Return on equity = Net Income/Equity
0.16 = Net Income/718.18
Net Income = $114.91
5) Sales and Growth: The most recent financial statements for Fontenot Co. are shown here:
    INCOME STATEMENT
    
    
    
    Balance sheet
    
    SALES
    $67,000
    Cu
ent assets
    $31,000
    Long term debt
    68,000
    Costs
    $43,800
    Fixed assets
    118,000
    Equity
    81,000
    Taxable income
    23,200
    Total
    149,000
    Total
    149,000
    Taxes(34%)
    7,888
    
    
    
    
    Net Income
    $15,312
    
    
    
    
    
    
    
    
    
    
Assets and cost are proportional to sales. The company maintains a constant 30...
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