2-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains...
90.2K
Verified Solution
Link Copied!
Question
Accounting
2-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below:
Albi Foods
Unimart, Inc.
Total liabilities, 2021 ......
$43,610
$23,817
Total liabilities, 2020 ......
48,239
21,935
Total assets, 2021 ......
64,743
29,652
Total assets, 2020 .......
67,582
32,589
Revenue, 2021 ....
200,693
81,494
Net income, 2021.......
2,312
1,062
To the nearest hundredth, what is the 2021 debt-to-equity ratio for Unimart?
Select one:
A. 2.89
B. 2.06
C. 4.08
D. 2.77
PreviousSave AnswersNext
3-Anchor, Inc. has a debt-to-equity ratio of 0.42 and Ballast Company has 0.28. Which of the following statements is true?
Select one:
A. Anchor reported more dollars of profit than Ballast
B. Anchor has more total debt than does Ballast
C. Anchor is able to bring its product to market more efficiently than Ballast
D. Ballast would likely be able to borrow money at a lower interest rate than would Anchor
1-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. + Total liabilities, 2021 ......... $43,610 $23,817 Total liabilities, 2020 ......... 48,239 21,935 Total assets, 2021 ............. 64,743 29,652 Total assets, 2020 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021..... 2,312 1,062 O To the nearest hundredth of a percent, what is the 2021 return on equity ratio for Albi Foods? Select one: A. 10.94% B. 11.42% C. 11.95% D. 5.30% Save Answers Next 2-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Upimart, Inc. Total liabilities, 2021 ........ $43,610 $23,817 Total liabilities, 2020 48,239 21,935 Total assets, 2021 64,743 29,652 Total assets, 2020 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021..... 2,312 1,062 To the nearest hundredth, what is the 2021 debt-to-equity ratio for Unimart? Select one: A. 2.89 B. 2.06 C. 4.08 D. 2.77 PreviousSave Answers Next 3-Anchor, Inc. has a debt-to-equity ratio of 0.42 and Ballast Company has 0.28. Which of the following statements is true? Select one: A. Anchor reported more dollars of profit than Ballast B. Anchor has more total debt than does Ballast C. Anchor is able to bring its product to market more efficiently than Ballast D. Ballast would likely be able to borrow money at a lower interest rate than would Anchor
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!