The 2010 financial statements for Country Cousin Stores show total assets of ($490,000,) total liabilities of ($290,000,)
Question:
The 2010 financial statements for Country Cousin Stores show total assets of \($490,000,\) total liabilities of \($290,000,\) net sales of \($1,800,000,\) net income of \($450,000,\) income from operations of \($520,000,\) cost of goods sold of \($1,080,000,\) preferred dividends of \($225,000,\) and interest expense of \($20,000.\) Total assets and total liabilities for 2009 were \($430,000\) and \($270,000,\) respectively. Preferred equity for both years is \($35,000.\) Compute the following ratios for 2010:
1. Return on sales
2. Return on assets
3. Return on common equity
4. Times-interest-earned ratio 5. Debt ratio
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: