ock sold for $4.50 per share at the end of this year. The company paid a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Current liabilities Total liabilities Total assets Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $980,000 $ 568,400 $ 411,600 $263,250 $ 13,500 $174,825 Ending Balance $ 40,000 $ 84,000 $ 70,600 $194,600 $ 699,000 $ 78,000 $ 184,000 $ 152,000 $ 515,000 $ 699,000 Beginning Balance $ 40,200 $ 63,700 $ 84,000 $ 187,900 $ 755,600 $ 76,500 $ 165,600 $ 152,000 $590,000 $ 755,600 4. What is the return on total assets (assuming a 30% tax rate)? (Rc considered as 12.3%) ock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Current liabilities Total liabilities Total assets Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $980,000 $ 568,400 $ 411,600 $263,250 $ 13,500 $174,825 Ending Balance $ 40,000 $ 84,000 $ 70,600 $194,600 $ 699,000 $ 78,000 $ 184,000 $ 152,000 $ 515,000 $ 699,000 Beginning Balance $ 40,200 $ 63,700 $ 84,000 $ 187,900 $ 755,600 $ 76,500 $ 165,600 $ 152,000 $590,000 $ 755,600 4. What is the return on total assets (assuming a 30% tax rate)? (Rc considered as 12.3%)
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The system shown consists of 3 cables. For example; cable C12 joins points 1 and 2. The coordinates of point 1 are (6.4, 0, 0) m, those of point 2 are (0, 9.5, -6.1) m, and those of point 3 are (0,...
-
What is online analytical processing? How is OLAP related to databases? What is a pivot table, and how are pivot tables and OLAP related?
-
In general terms, what application areas are supported by Bluetooth?
-
Which statement might have been made by a manager who espouses the Theory X approach to management? A. Employees on my unit are very goal-directed and need little supervision to get the job done. B....
-
Spaulding & Kimball Co. ordered from Aetna Chemical Co. 75 cartons of window washers. The buyer received them and sold about a third to its customers but later refused to pay for them, claiming that...
-
Identify the parts of a case brief make a simple case brief Apply the law to a specific set of facts Describe issues surrounding assisted reproductive technology as related to family law practice...
-
Explain "COST OF GOODS SOLD" in Income Statement?
-
Tim identifies that the BTL share prices will decline in next month and he short-sell 200 BTL shares, which are currently trading at $210 per share. Calculates Tim's maximum possible loss and explain...
-
Decide, with proof, whether or not x(u, v) = (sinu, sin v, sin(u +v)), for u and vin (7/2, 7/2), is a simple surface. (b) (i) Using the definition or otherwise prove that M := {(x, y, 2) E R:2-2r+y...
-
Van Nuys Health System (VNHS) plans to construct a new building. The total cost of this capital project is $6,000,000. VNHS will finance the project with $3,000,000 from its equity and a 10 year term...
-
Please use the following information to answer the next three questions. 20, 21 and 22) JCJ Inc. has (NI/EBT) = 25 JCJ Inc. has (EBT/EBIT PCJ Inc. has (EBIT/SALES) .80 JCJ Inc. has an equity...
-
Answer the following questions for Fred corporation. Assume that the firm revenues grow at a rate of 10% per year during years 1 through 4 before leveling out at no growth for year 5 and beyond. You...
-
Suppose G = 300 and the income tax rate is 14 percent. When Y = 2000, national saving is _____, denoting a budget _____. a. 20, surplus b. 20, deficit c. -20, surplus d. -20, deficit
-
After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...
-
If suppliers are unaware of or not responsible for the external costs created by their production, the result is a(n) _________ of scarce resources to the production of the good.
-
Pollution reduction, like other forms of production, is subject to _________ returns.
-
The marginal cost of pollution abatement _________ with increasing levels of abatement.
Study smarter with the SolutionInn App