The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average...
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The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term Investments $39,873 Accounts recelvable (net) 34,442 Inventory 39,457 Property, plant, and equipment 282,103 Total assets $395,875 Liabilities and Stockholders' Equity Current liabilities $64,036 Long-term liabilities 99,044 Stockholders' equity-Common 232,795 Total liabilities and stockholders' equity $395,875 Income Statement Net Sales $89,865 Cost of goods sold (35,946) Gross margin 53,919 Operating expenses (20,539) Interest expense (4,493) Net income $28,887 Number of shares of common stock outstanding 6,848 Market price of common stock $29 Total dividends paid $10,000 Cash provided by operations $39,873 Using the data provided for Diane Company, what is the return on total assets? Oa. 10.7% Оь. 8.1% Oc. 9.6% Od. 8,4% The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term Investments $39,873 Accounts recelvable (net) 34,442 Inventory 39,457 Property, plant, and equipment 282,103 Total assets $395,875 Liabilities and Stockholders' Equity Current liabilities $64,036 Long-term liabilities 99,044 Stockholders' equity-Common 232,795 Total liabilities and stockholders' equity $395,875 Income Statement Net Sales $89,865 Cost of goods sold (35,946) Gross margin 53,919 Operating expenses (20,539) Interest expense (4,493) Net income $28,887 Number of shares of common stock outstanding 6,848 Market price of common stock $29 Total dividends paid $10,000 Cash provided by operations $39,873 Using the data provided for Diane Company, what is the return on total assets? Oa. 10.7% Оь. 8.1% Oc. 9.6% Od. 8,4% The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term Investments $39,873 Accounts recelvable (net) 34,442 Inventory 39,457 Property, plant, and equipment 282,103 Total assets $395,875 Liabilities and Stockholders' Equity Current liabilities $64,036 Long-term liabilities 99,044 Stockholders' equity-Common 232,795 Total liabilities and stockholders' equity $395,875 Income Statement Net Sales $89,865 Cost of goods sold (35,946) Gross margin 53,919 Operating expenses (20,539) Interest expense (4,493) Net income $28,887 Number of shares of common stock outstanding 6,848 Market price of common stock $29 Total dividends paid $10,000 Cash provided by operations $39,873 Using the data provided for Diane Company, what is the return on total assets? Oa. 10.7% Оь. 8.1% Oc. 9.6% Od. 8,4% The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term Investments $39,873 Accounts recelvable (net) 34,442 Inventory 39,457 Property, plant, and equipment 282,103 Total assets $395,875 Liabilities and Stockholders' Equity Current liabilities $64,036 Long-term liabilities 99,044 Stockholders' equity-Common 232,795 Total liabilities and stockholders' equity $395,875 Income Statement Net Sales $89,865 Cost of goods sold (35,946) Gross margin 53,919 Operating expenses (20,539) Interest expense (4,493) Net income $28,887 Number of shares of common stock outstanding 6,848 Market price of common stock $29 Total dividends paid $10,000 Cash provided by operations $39,873 Using the data provided for Diane Company, what is the return on total assets? Oa. 10.7% Оь. 8.1% Oc. 9.6% Od. 8,4%
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Answer rating: 100% (QA)
Option d ie 84 is thr correct answer Explanation Return ... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
Posted Date:
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