Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ayayai Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a

Ayayai Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Ayayai Inc. operations.

image text in transcribed

Compute the return on assets, profit margin on sales, earnings per share, price-earnings ratio, and current ratio for each of the 5 years for Ayayai Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.)

image text in transcribed

($000 omitted) 2018 2017 2016 2015 2014 Sales revenue Net income Average total assets Current assets Working capital Common shares: $20,080 $15,960 $13,880 $6,000 $3,980 250 22,100 18,870 11,610 4,210 2,990 2,990 1,210 1,000 400 2,420 1,420 800 710 8,080 3,580 6,020 3,240 1,210 500 Number of shares outstanding (000) Average market price 20 20 2,000 $9 2,000 $6 2,000 $4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions