# Use the following information to compute return on sales. Earnings per share . . . . .

## Question:

Use the following information to compute return on sales.
Earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.67 Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10,000
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $550 Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$13,000
Market price per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $20 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$200
Total stockholdersâ€™ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$6,700

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

Related Book For

## Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

Question Posted: