I need some help with requirement G. FOr the ROA I took 7.2 (net profit margin ratio) x 2.6 (asset turnover) for 2018 and got 18.72 and I also did 6.4 x 2.0= 12.8 for 2017 but the program is saying I have it incorrect. I am not understanding how to do this?
x 10end_summary_1 (similar to) x 10 Requirements The balance sheet of Lily Corp. reported the following at December 31, 2018. (Click the icon to view the Partial Balance Sheet Read the requirements. X a. b. C. Requirement c. How many sh d. There are 42,300 shares e. 120,000 Stockholders' Equity Preferred stock, 3%, $15 par, 8,000 shares authorized, issued, and outstanding Common stock, no par, $9 stated value, 85,000 shares authorized, 44,000 shares issued, 42,300 shares outstanding Paid-in capital in excess of stated value-Common Requirement d. Assume that Id your answer to the 396,000 f. The earnings per share of the Is the preferred stock cumulative or noncumulative? How can you tell? What is the total amount of the annual preferred dividend? How many shares of common stock are outstanding? Assume that Lily Corp. earns net income of $114,000. Calculate the corporation's earnings per common share of stock. Assume Lily Corp.'s common stock's closing market price on December 31, 2018, is $54.00 per share. Calculate its pricelearnings multiple and the corporation's market capitalization. Assume Lily's board of directors declares a $1.30 dividend per share on its common stock. What is the stock's dividend yield? Suppose you have gathered the following information from Lily Corp's financial statements for 2018 and 2017: (1) Net profit margin ratio: 2018: 7.2% 2017: 6.4% (2) Asset turnover: 2018: 2.6 times 2017: 2.0 times (3) Leverage ratio: 2018: 4.1 20173.7 Compute Lily Corp.'s return on assets (ROA) and return on equity (ROE) for both 2018 and 2017 and explain the trends. 243,500 Requirement e. Assume Lily a Retained earnings ings multiple and the g. 415,000 (8,500) Less: Treasury stock, common (1,700 shares) The pricelearnings multiple is $ 1,166,000 Total stockholders' equity The corporation's market capite Requirement f. Assume Lily's Print nt Don Done Round your answert The stock's dividend yield is 210 Print Done Requirement g. Compute Lily Corp.'s return on assets (ROA) and return on equity (ROE) for both 2018 and 2017 and explain the trends. (Round your answer to thre 2018 2017 ROA
