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Condensed statement of financial position and income statement data for Pembina Ltd. are shown below Statement of financial position 2018 2017 2016 Assets Current assets
Condensed statement of financial position and income statement data for Pembina Ltd. are shown below
Statement of financial position | |||||||
2018 | 2017 | 2016 | |||||
Assets | |||||||
Current assets | |||||||
Cash | $28 | $81 | $200 | ||||
Accounts receivable | 908 | 707 | 497 | ||||
Inventory | 1,188 | 794 | 504 | ||||
Total current assets | 2,124 | 1,582 | 1,201 | ||||
Property, plant, and equipment (net) | 4,076 | 3,778 | 3,195 | ||||
Total assets | $6,200 | $5,360 | $4,396 | ||||
Liabilities and Shareholders Equity | |||||||
Liabilities | |||||||
Current liabilities | $600 | $553 | $497 | ||||
Non-current liabilities | 3,042 | 2,330 | 1,491 | ||||
Total liabilities | 3,642 | 2,883 | 1,988 | ||||
Shareholders equity | |||||||
Common shares | 996 | 996 | 996 | ||||
Retained earnings | 1,562 | 1,481 | 1,412 | ||||
Total shareholders equity | 2,558 | 2,477 | 2,408 | ||||
Total liabilities and shareholders equity | $6,200 | $5,360 | $4,396 |
Income Statement | 2018 | 2017 | 2016 | |||
Sales (all on credit) | $4,505 | $4,019 | $3,574 | |||
Cost of goods sold | 2,483 | 2,109 | 1,797 | |||
Gross profit | 2,022 | 1,910 | 1,777 | |||
Operating expenses | 1,438 | 1,479 | 1,492 | |||
Income from operations | 584 | 431 | 285 | |||
Interest expense | 190 | 131 | 70 | |||
Income before income tax | 394 | 300 | 215 | |||
Income tax expense | 99 | 75 | 54 | |||
Net income | $295 | $225 | $161 |
Calculate the return on common shareholders equity for each year. Assume that common shareholders equity at the end of 2015 was equal to that amount for 2016. (Round answers to 1 decimal place, e.g. 5.2%.)
Return on common shareholders equity 2016 2017 2018
___% ___% ___%
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