Question
he following information pertains to Ayayai Corp.. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
he following information pertains to Ayayai Corp.. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
| Assets | |
| Cash and short-term investments | $ 58000 |
| Accounts receivable (net) | 34000 |
| Inventory | 41000 |
| Property, plant and equipment | 239000 |
| Total Assets | $372000 |
| Liabilities and Stockholders Equity | |
| Current liabilities | $ 66000 |
| Long-term liabilities | 81000 |
| Stockholders equitycommon | 225000 |
| Total Liabilities and Stockholders Equity | $$372000 |
| Income Statement | |
| Sales revenue | $77000 |
| Cost of goods sold | 41000 |
| Gross profit | 36000 |
| Operating expenses | 15000 |
| Net income | $ 21000 |
| Number of shares of common stock | 16000 |
| Market price of common stock | $15 |
| Dividends per share on common stock | 7 |
| Cash provided by operations | $40000 |
What is the return on assets for this company?
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Coffee Plus Math Equal To Audit
Authors: Marina Peters
1st Edition
B08BDSDFR6, 979-8654153418
