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Use the Green Thumb Garden Supplies reported the following information for 2021 and 2022: 2022...

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Accounting

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Use the Green Thumb Garden Supplies reported the following information for 2021 and 2022: 2022 2021 Assets Cash Accounts receivable Inventory...... Property, plant, and equipment Total assets $ 50,000 $ 45,000 35,000 25,000 25,000 20,000 240,000 210.000 $350.000 $300.000 Liabilities and Shareholders' Equity Current liabilities ... $ 65,000 $ 60,000 Non-current liabilities. 110,000 90,000 Shareholders' equity-common 175.000 150,000 Total liabilities and shareholders' equity.... $350.000 $300,000 Statement of income for 2022 Sales....... Cost of goods sold. Gross profit... Operating expenses Income before income tax Income tax expense Net income $95,000 45,000 50,000 15,000 35,000 5,000 $30,000 Share data for 2022 Weighted average number of common shares 6,000 Market price per common share................ $40 Dividends per share.. $0.90 47. What is the profit margin for 2022? a) 8.6% b) 10.0% c) 17.1% d) 31.6% 48. What is the return on common shareholders' equity for 2022? a) 4.5% b) 17.1% c) 18.5% d) 20.0% 49. What are the basic earnings per share for 2022? a) $15.83 b) $5.00 c) $2.50 d) $0.90 50. What is the price-earnings ratio? a) 44.4 times b) 16.0 times c) 8.0 times d) 2.5 times

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