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4. Profitability Analysis: The following data were taken from the financial statements of Broad Steel Inc. for a recent year: Shares of common stock outstanding
4. Profitability Analysis: The following data were taken from the financial statements of Broad Steel Inc. for a recent year: Shares of common stock outstanding 20,000 Sales $2,400,000 Interest expense 40,000 Net income 250,000 Market price per share of common stock at year-end 120.00 Dividends per share of common stock 3.00 Average total assets (excluding long-term investments) 1,600,000 Average total assets 2,000,000 Average total stockholders' equity 1,000,000 Based on these data, determine the following profitability measures, and explain what each means 1. Asset turnover 2. Return on total assets. 3. Return on stockholders' equity. 4. Earnings per share. 5. Price-earnings ratio. 6. Dividend yield
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