The following amounts were taken from the financial statements of Blue Spruce Corp 2022 2021 Total assets $ 805000 $ 1014000 Net sales 736000 660000 Gross profit 361000 328000 Net income 272850 125000 Weighted average number of common shares outstanding 89300 94000 Market price of common stock $ 49...

Cotect option is o 34 to Explanaton calculation Retun on As ...

The following amounts were taken from the financial statements of Blue Spruce Corp. : 2022 2021 Total

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The following amounts were taken from the financial statements of Blue Spruce Corp.:

	2022	2021
Total assets	$805000	$1014000
Net sales	736000	660000
Gross profit	361000	328000
Net income	272850	125000
Weighted average number of common shares outstanding	89300	94000
Market price of common stock	$49	$30

The return on assets for 2022 is

27%.

34%.

15%.

30%.

Related Book For answer-question

Corporate Financial Accounting

ISBN: 978-1285868783

13th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Feb 21, 2022 11:01 PM

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The following amounts were taken from the financial statements of Blue Spruce Corp. : 2022 2021 Total

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