Use the following financial data regarding Joy Ride Investments Co.12/31/2021 12/31/2020Net Income   $         30,000,000  $         13,560,000Shares outstanding                 2,100,000                2,100,000Total Assets   $       150,000,000  $       115,500,450Total Liabilities   $         59,000,000  $         62,000,000Total Shareholder Equity   $         71,500,450  $         53,500,450Market Price per Share  $                   16.23  $                   12.74What is the return on Equity for year 2021 (hint: Total Equity is not the same at the beginning and end of 2021...)Group of answer choices23.3%27.7%68%41.5%

Use the following financial data regarding Joy Ride Investments Co.12/31/2021 12/31/2020Net Income   $         30,000,000  $         13,560,000Shares outstanding                 2,100,000                2,100,000Total Assets   $       150,000,000  $       115,500,450Total Liabilities   $         59,000,000  $         62,000,000Total Shareholder Equity   $         71,500,450  $         53,500,450Market Price per Share  $                   16.23  $                   12.74What is the Price to earnings ratio on 12/31/2021?Group of answer choices9.451.1415.6711.00

Davis Company has provided the following financial data: Total Asset Turnover = .245Net Income = $400,000Equity Multiplier = 1.20Net Sales = $1,300,000 What is the Return on Equity?

Using the financial statements below, calculate the Return on equity for the current year. Please calculate to 2 decimal places. Do not use the % symbol. For example, if it is 3.2%, enter 3.2 into the box. If the number is negative, remember to add a minus symbol before the number Profit and loss statement Current year Prior year Revenue 14,800 18,500 Less Cost of sales 6,000 7,500 Gross profit 8,800 11,000 Less expenses Wages Expense 5,500 6,500 Interest Expense 2,200 2,000 Depreciation Expense 1,000 1,200 Advertising Expense 900 800 Net profit (800) 500 BALANCE SHEET Current year Prior year Current assets Cash 14,250 16,700 Accounts Receivable 14,000 3,500 Inventory 6,000 2,500 Prepaid Expenses 650 1,500 Non-current assets Property Plant Equipment 192,500 193,500 Land 210,000 210,000 Total assets 437,400 427,700 Current liabilities Accounts Payable 11,700 4,200 Unearned Revenue 3,500 2,000 Wages Payable 3,500 2,500 Non-current liabilities Bank Loan 118,000 122,500 Total liabilities 136,700 131,200 NET ASSETS 300,700 296,500 Equity Share Capital 255,000 250,000 Retained Earnings 45,700 46,500 TOTAL EQUITY 300,700 296,500

Over a period of 18 months, an investor has earned a return of 28.4%. The investor's annualized return is closest to:Question 70Answera.18.13%b.20.43%c.25.53%

Company A has a capital structure of $80M debt and $20M equity. This year, the company reported a net income of $17M. What is Company A's return on equity?*117.6%21.3%85.0%28.3%