=+assets, (e) rate earned on stockholders equity, and (f) rate earned on common stockholders equity. Round to
Question:
=+assets,
(e) rate earned on stockholders’ equity, and
(f) rate earned on common stockholders’ equity. Round to one decimal place.
Property, plant, and equipment (net) . . . . . . . . . . . . . . $ 1,600,000 ___________ ___________ Liabilities:
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 200,000 Mortgage note payable, 10%, issued 1999, due 2015 1,000,000 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,200,000 ___________ ___________ Stockholders’ equity:
Preferred $10 stock, $100 par (no change during year) $ 1,000,000 Common stock, $10 par (no change during year) . . . 1,000,000 Retained earnings:
Balance, beginning of year . . . . . . . . . . . . . . . . . . . . $800,000 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000 $1,200,000 ________ Preferred dividends . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 Common dividends . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 200,000 ________ __________ Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 ___________ Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . $ 3,000,000 ___________ ___________ Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000,000 ___________ ___________ Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000 ___________ ___________
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