The following information pertains to Unique Company. Assume that all balanc sheet amounts represent both...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The following information pertains to Unique Company. Assume that all balanc sheet amounts represent both average and ending balance figures. Assume tha sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $295,000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' $295.000 Equity Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income Number of shares of common stock $ 85,000 45,000 40,000 20,000 $ 20,000 6.000 $20 0.90 Market price of common stock Dividends per share on common stock Cash provided by operations $30.000 What is the return on assets for this company? What is the return on assets for this company? a) 11.7% b) 6.8% od 10.0% d) 26.7%
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.