=+EX 17-16 Ratio of net sales to assets obj. 3

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a. YRC Worldwide, 1.7 The following selected data were taken from the financial statements of The Sigemund Group Inc. for December 31, 2010, 2009, and 2008:

December 31 2010 2009 2008 Total assets . . . . . . . . . . . . . . . . $3,000,000 $2,700,000 $2,400,000 Notes payable (10% interest) . . 1,000,000 1,000,000 1,000,000 Common stock . . . . . . . . . . . . . 400,000 400,000 400,000 Preferred $6 stock, $100 par

(no change during year) . . . . . 200,000 200,000 200,000 Retained earnings . . . . . . . . . . . 1,126,000 896,000 600,000