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Current Attempt in Progress Larkspur Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year
Current Attempt in Progress Larkspur 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 Larkspur Inc. operations. 2018 $6.010 Sales revenue Net income Average total assets Current assets Working capital Common shares: Number of shares outstanding 1000) Average market price 2021 $19,970 2,370 22,190 7.920 3,570 ($000 omitted) 2020 2019 $15.930 $11,090 1,400 790 19.860 11,550 6.000 3,000 3170 1.200 710 4,170 1.190 500 2017 $1,010 250 2,990 1,000 400 20 20 2,000 $9 2.000 $6 2,000 $4 (b) Compute the return on assets, profit margin on sales, earnings per share.price-carnings ratio, and current ratio for each of the 5 years for Larkspur Inc. (Round answers to 2 decimal places, eg. 2.25 or 2.25%.) 2021 2020 2019 2018 2017 Return an assets 56 % Profit margin on sales % X $ $ $ $ Earnings per share $ $ Price-earnings ratio times times Limes Current ratio times times times times times
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