Question: Question 47 OT 63 View Polides Current Attempt in Progress The following information pertains to Bramble Company. Assume that all balance sheet amaunts represent both
Question 47 OT 63 View Polides Current Attempt in Progress The following information pertains to Bramble Company. Assume that all balance sheet amaunts represent both average and end balance figures, Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $39000 26000 21000 213000 $299000 Liabilities and Stockholders' Equity Current liabilities $59000 Long term liabilities 92000 Stockholders equity-common 148000 Total Liabilities and Stockholders Equity $299000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net Income $85100 44500 40600 24454 $16146 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6600 $20 0.90 $29300 What is the return on assets for this company? 54% 100% OBI
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