North/ South Airlines generated the following information from its financial statements: (1) P/ E ratio equals 18.0,
Question:
(1) P/ E ratio equals 18.0,
(2) Common stock market price per share is $36,
(3) Fixed assets turnover equals 6.0,
(4) Current ratio equals 5.0,
(5) Current liabilities equal $ 310,000,
(6) Net profit margin equals 4.3 percent, and
(7) 40,000 shares of common stock are outstanding.
What are North/ South's (a) return on assets (ROA) and (b) total assets turnover?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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