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question abc inc was incorporated two years ago by issuing 1 000 shares of common st 4287853

Question

ABC Inc. was incorporated two years ago by issuing 1,000 shares of common stock at $200 and borrowing $30,000 from a bank on a long-term note. Last year, ABC reported net income of $10,000 and paid a cash dividend of $800. During the year, the company also borrowed an additional $7,600 from the bank. What was total assets on ABC's balance sheet at the end of the year last year?

Question

Question text

Ratio

Answer

Working Capital

Answer-$600$600$400$0

Return on Assets

Answer0.380.30%0.390.33

Return on Equity

Answer0.730.400.490.85

Debt-to-Equity Ratio

Answer1.001.250.561.45

Dividend Yield

Answer0.660.110.310.29

 

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