The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average...
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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity Income Statement $35,573 25,508 29,375 283,798 $374,254 Sales Cost of goods sold Gross profit Operating expenses $67,298 96,691 127,080 83,185 $374,254 $94,232 (42,404) $51,828 (20,051) Retained earnings Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross profit Operating expenses Net income 83,185 $374,254 Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations What is the return on stockholders' equity? a. 1.4% Ob. 4.0% O c. 5.0% Od. 15.1% $94,232 (42,404) $51,828 (20,051) $31,777 6,354 $20 $1.00 $40,000 The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity Income Statement $35,573 25,508 29,375 283,798 $374,254 Sales Cost of goods sold Gross profit Operating expenses $67,298 96,691 127,080 83,185 $374,254 $94,232 (42,404) $51,828 (20,051) Retained earnings Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross profit Operating expenses Net income 83,185 $374,254 Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations What is the return on stockholders' equity? a. 1.4% Ob. 4.0% O c. 5.0% Od. 15.1% $94,232 (42,404) $51,828 (20,051) $31,777 6,354 $20 $1.00 $40,000
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To calculate the return on stockholders equity you can use the following formula Ret... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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