Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the percentage change in total revenues fr

What is the percentage change in total revenues from 2018 to 2019? Round to the...

90.2K

Verified Solution

Question

Accounting

image

What is the percentage change in total revenues from 2018 to 2019? Round to the nearest one-tenth of 1% (i.e., 87.2).

What is the percentage change in total expenses from 2018 to 2019? Round to the nearest one-tenth of 1% (i.e., 87.2).

What is the percentage change in net income from 2018 to 2019? Round to the nearest one-tenth of 1% (i.e., 87.2).

Calculate return on equity for 2019. Round to the nearest one-tenth of 1% (i.e., 87.2).

Calculate the current ratio for 2019. Round to one decimal place (i.e. 87.2)

2019 2018 Total revenues 1,690,000 1,600,000 Total expenses 1,520,000 1,470,000 Net income 170,000 130,000 Current assets 186,000 196,000 Current liabilities 72,000 74,000 Total assets 318,000 310,000 Total stockholders' equity 214,000 204,000

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!
Become a Member

Other questions asked by students