The following information pertains to Vaughn Manufacturing . Assume that all balance sheet amounts represent both average
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information pertains to Vaughn Manufacturing. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
Income Statement | |
---|---|
Liabilities and Stockholders’ Equity | |
Assets | |
Cash and short-term investments | $ 53100 |
Accounts receivable (net) | 34800 |
Inventory | 25500 |
Property, plant and equipment | 212000 |
Total Assets | $325400 |
Current liabilities | $ 54800 |
Long-term liabilities | 92400 |
Stockholders’ equity—common | 178200 |
Total Liabilities and Stockholders’ Equity | $325400 |
Sales revenue | $117000 |
Cost of goods sold | 70000 |
Gross profit | 47000 |
Operating expenses | 26900 |
Net income | $ 20100 |
Number of shares of common stock | 13600 |
Market price of common stock | $25 |
Dividends per share on common stock | 0.8 |
Cash provided by operations | $49000 |
What is the return on assets for this company?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Old
Posted Date: