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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities 2019 $4,200 17,500 20,300 Accounts receivable Inventories Total current assets S42,000 $28,000 Net plant and equipment Total assets Liabilities and Equity Accounts payable $70,000 Accruals $22,509 14.391 Notes payable Total current liabilities 6,000 S42.000 $42.900 Total current liabilities Long-term bonds Total liabilities Common stock $11,000 S53.900 $3,542 12,558 $16,100 $70,000 Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of S) Net sales 2019 $105,000 97,650 Operating costs except depreciation Depreciation 2.100 $5.250 Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) 1,020 $4.230 Eamings before taxes (EBT) $4.230 Taxes 1.058 Net income $2.538 Other data: Shares outstanding (millions) 500.00 $888.30 Common dividends (millions of S) Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 40% $60.91 Refer to Exhibit 4.1. What is the firm's ROA? Do not round your intermediate calculations. 3.639 b.2.83% Oc4.1796 Click Save and submit tone Question Completion Status: Other data Shares outstanding (millions) 500.00 5888 30 Common dividends (millions of S) Intrate on notes payable & L-T bonds 696 40% Federal plus state income tax rate Year-end stock price S6091 Refer to Exhibit 4.1. What is the firm's ROA? Do not round your intermediate calculations. b.2.83% 417 d. 2.90 3.089
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