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hi I need help answering the following questions 50V The following information (In 5 millions) comes from the Annual Report of Saratoga Springs Co. for
hi I need help answering the following questions
50V The following information (In 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year ended 12/31/2021 Net sales 57,989 Cost of goods cold 4,807 Selling and administrative expense 1,949 Interest expense 456 Income before taxes 777 Net Income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, et Total assets 12/31/2021 51,015 1,950 1,095 1.540 $16,700 12/31/2020 5 68 704 559 3.884 55,215 Total current liabilities Loretern debt $5,787 5.633 $11.418 5.5.282 Total stockholders' equity 2,261 34,5 $ 705 Required: Compute the return on equity for 2021. for Saratoga Springs Co. (Round your answer to 1 decimal plece... 0.1234 os 12.3%) SV The following information (In 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Year ended 12/31/2021 Net sales $7,989 Cost of goods sold 4.807 Selling and administrative expense 1.9.49 Interest expense 456 Income before taxes 777 Net Income Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2001 51,015 1,050 1,095 12/31/2020 5 68 2014 559 3.614 $5,215 $16,700 Total current Itabilities Long-term debt Total liabilities Total stockholders' equity $ 5,78 5,631 $11,410 3.5.282 52.249 2.26 34,5 $ 785 Required: Compute the return on equity for 2021, for Saratoga Springs Co. (Round your answer to 1 decimal place. e.g. 0.1234 os 12.3%) Roheit Step by Step Solution
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