Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
SL Accounting Question
#1
Ok, i feel stupid. I have worked in accounts payable and receivable for over a decade and never have i seen something like this. How is "fourteen hundred million" even a number? I didn't even know what numbers to use to calculate  the ROA because I had no idea what they meant by $1400 million. Wouldn't that actually be in the billions? Can anyone explain this please?

"Reebok's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%."

Reply
#2
I seem to remember reading British stuff that had numbers in that type of format. Yes, unless it was a typo, it would be 1.4 billion to us ungrateful colonials :-P
Up next:  WGU MSCSIA - Early 2023
Dropped:  WGU MSITM - Wasn't my cup of tea
Completed:  WGU BSCSIA (started 10/1/2018, finished 01/11/2019), Pierpont BOG AAS (5/2018)
Journey Thread (MSITM): https://www.degreeforum.net/mybb/Thread-...TM-Journey
Journey Thread (BS):  https://www.degreeforum.net/mybb/Thread-...ersecurity
Degree Spreadsheet (BS):  https://www.degreeforum.net/mybb/attachm...p?aid=2602

Reply
#3
They are showing both figures ($117 and $1400) in the same units (millions) for comparison purposes. It's easier (and quicker) this way to see how much Reebok's net income is relative to their assets. Or at least that's what they hoped it would be.  Smile
Reply
#4
(07-06-2018, 06:50 PM)Sapientes Wrote: They are showing both figures ($117 and $1400) in the same units (millions) for comparison purposes. It's easier (and quicker) this way to see how much Reebok's net income is relative to their assets. Or at least that's what they hoped it would be.  Smile

Thank you both... I thought I was actually going crazy.

Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  A complex probability question Number_Theory 4 1,238 12-03-2021, 11:46 AM
Last Post: freeloader
  Question of college algebra inertia2018 3 2,060 05-02-2019, 07:30 PM
Last Post: dfrecore
  Time and Distance question CLEP101 5 2,905 03-22-2018, 12:37 PM
Last Post: bluebooger
  IC Flashcard Question gnat1001 2 2,586 05-03-2017, 05:08 PM
Last Post: sanantone
  Statistics Question re: Mean soliloquy 6 2,835 08-04-2014, 01:31 PM
Last Post: Jonathan Whatley
  Probability Formula Question soliloquy 4 2,155 07-30-2014, 07:50 PM
Last Post: jdsdog10
  Principles of Finance sample question from TESC - which formula to use? OfficerA 0 1,594 07-20-2014, 08:34 PM
Last Post: OfficerA
  APA Citation question JanusthePhoenix 5 3,010 12-03-2009, 03:04 AM
Last Post: JanusthePhoenix
  accounting- payable vs. expense 4dkids 4 6,519 11-20-2009, 07:55 AM
Last Post: sspeckma
  Microeconomics CLEP question? MCunningham 0 2,236 06-30-2009, 11:00 PM
Last Post: MCunningham

Forum Jump:


Users browsing this thread: 1 Guest(s)