Current assets $745,000 $820,000Property, plant, and equipment 1,510,000 1,400,000Current liabilities (non-interest-bearing) 160,000 140,000Long-term...Current assets...

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Accounting

Current assets $745,000 $820,000

Property, plant, and equipment 1,510,000 1,400,000

Current liabilities (non-interest-bearing) 160,000 140,000

Long-term liabilities, 12% 400,000 400,000

Preferred 10% stock 250,000 250,000

Common stock, $25 par 1,200,000 1,200,000

Retained earnings, beginning of year 230,000 160,000

Net income for year 110,000 155,000

Preferred dividends declared (25,000) (25,000)

Common dividends declared (70,000) (60,000)

Round dollar values to two decimal places and other finalanswers to one decimal place.

a. Return on total assets %

b. Return on stockholders' equity %

c. Return on common stockholders' equity %

d. Earnings per share on common stock $

e. Price-earnings ratio on common stock

f. Dividend yield %

Answer & Explanation Solved by verified expert
3.7 Ratings (451 Votes)
a Return on asset Net IncomeAverage Total asset 1100002237500 4916201 Average total asset Current asset 745000 820000 Property plant and equipment 1510000 1400000 2255000 2220000 Average Total asset 225500022200002 2237500 b Return on stockholders equity Net IncomeAverage stockholders equity    See Answer
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In: AccountingCurrent assets $745,000 $820,000Property, plant, and equipment 1,510,000 1,400,000Current liabilities (non-interest-bearing) 160,000 140,000Long-term...Current assets $745,000 $820,000Property, plant, and equipment 1,510,000 1,400,000Current liabilities (non-interest-bearing) 160,000 140,000Long-term liabilities, 12% 400,000 400,000Preferred 10% stock 250,000 250,000Common stock, $25 par 1,200,000 1,200,000Retained earnings, beginning of year 230,000 160,000Net income for year 110,000 155,000Preferred dividends declared (25,000) (25,000)Common dividends declared (70,000) (60,000)Round dollar values to two decimal places and other finalanswers to one decimal place.a. Return on total assets %b. Return on stockholders' equity %c. Return on common stockholders' equity %d. Earnings per share on common stock $e. Price-earnings ratio on common stockf. Dividend yield %

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