Question: Name: Class: Date ACCT 230 Spring 2020 Chapter 13 In-Class Handout 29. Selected data from Carmen Company at year-end are presented below. Total assets Average

 Name: Class: Date ACCT 230 Spring 2020 Chapter 13 In-Class Handout

Name: Class: Date ACCT 230 Spring 2020 Chapter 13 In-Class Handout 29. Selected data from Carmen Company at year-end are presented below. Total assets Average total assets Net income Sales Average common stockholders' equity Net cash provided by operating activities Shares of common stock outstanding Long-term investments $2,000,000 $2,200,000 $250,000 1,300,000 $1,000,000 $275,000 10,000 $400,000 Calculate: (a) Asset turnover ratio (b) Return on total assets (c) Return on common stockholders' equity (d) Earnings per share on common stock. Assume the company had no preferred stock or interest expense. Round dollar values to two decimal places and other final answers to one decimal place

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