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ERO Income Statement Sales COGS GP SGA Dep Exp OP $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000...

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ERO Income Statement Sales COGS GP SGA Dep Exp OP $20,000,000 8,000,000 12,000,000 1,600,000 3,000,000 7,400,000 2000000 5,400,000 1,350,000 4050000 interest EBT Assets Cash $5,000,000 marketable Securities 12,500,000 Acct Receivables, Net 2,500,000 Inventory 30,000,000 Prepaid expenses 5,000,000 Plant & Equipment 30,000,000 Total Assets 85,000,000 Liabilities and Equity Acct Payable 20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 35,000,000 Total Liabilities 65,000,000 Common Stock 5,000,000 Capital in Excess of Par 10,000,000 Retained Earnings 5,000,000 Total Equity 20,000,000 Total Liabilities and Equity 85,000,000 Taxes (25%) Net Income Common Stk Div 600,000 Retained Earnings 3,450,000 Shares outstanding of common stock = 1,000,000 Market price of common stock = $18. The Return on Assets ratio is: 16 202 LG

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