Question

The following selected data were taken from the financial statements of Berry Group Inc. for December 31, 2008, 2007, and 2006:


The 2008 net income was $112,500, and the 2007 net income was $135,000. No dividends on common stock were declared between 2006 and 2008.
a. Determine the rate earned on total assets, the rate earned on stockholders’ equity, and the rate earned on common stockholders’ equity for the years 2007 and 2008. Round to one decimal place.
b. What conclusions can be drawn from these data as to the company’sprofitability?


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  • CreatedJuly 17, 2012
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