A company has the following financial information for the year:

- Sales revenue: $500,000
- Cost of goods sold: $150,000
- Operating expenses: $200,000
- Interest expense: $15,000
- Income tax rate: 30%
- Preferred dividends: $10,000
- Common dividends: $20,000
- Average number of common shares outstanding: 50,000

Calculate the company's net income, earnings per share (EPS), and return on equity (ROE).

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Answer 1 Net income To calculate the co... View the full answer