Question

The following financial information about Cloudburst Co. is available:
Sales................. $600,000
Net income............... 130,000
Average total assets........... 900,000
Average stockholders' equity....... 440,000
The following additional information is available:
• 500,000 shares of common stock were outstanding during the year.
• The stock was recently trading for $5.00 per share.
Required
Compute the following ratios: profit margin, return on equity, return on assets, earnings per share, and price to earnings. Round percentages to one decimal point (i.e., 12.8%).


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  • CreatedJuly 16, 2015
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