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i need help on this problem Current Attempt in Progress The following information pertains to Cheyenne Corp. Assume that all balance sheet amounts represent both
i need help on this problem
Current Attempt in Progress The following information pertains to Cheyenne 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 55000 44000 Accounts receivable (net) Inventory Property, plant and equipment 20000 212000 Total Assets $ 338000 Liabilities and Stockholders' Equity Current liabilities 62000 Long-term liabilities 74000 Star Long-term liabilities 74000 Stockholders' equity-common 202000 Total Liabilities and Stockholders' Equity $ 338000 Income Statement Sales revenue $ 86000 Cost of goods sold 53000 Gross profit 33000 Operating expenses 13058 Net income $ 19942 Number of shares of common stock 18000 Market price of common stock $ 25 Dividends per share on common stock 7.9 Cash provided by operations $ 35490 What is the return on assets for this company? O 12.2% O 10.5% O 5.9% O 27.2% Step by Step Solution
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