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Operating expenses Interest expense Income tax expense Net earnings eTextbook and Media 72000 5.9 i % 71000 2200 i 0.2 i % 2300 15460
Operating expenses Interest expense Income tax expense Net earnings eTextbook and Media 72000 5.9 i % 71000 2200 i 0.2 i % 2300 15460 i 1.3 % $ 732340 6500 i 59.5 % $ 201200 Attempts: 1 of 2 used (b) Calculate the return on assets and the return on shareholders' equity for both companies. (Round answers to 1 decimal place, e.g. 15.1%.) Return on assets Return on shareholders' equity Wildhorse Blossom % % % % Comparative financial statement data for Wildhorse Ltd. and Blossom Ltd., two competitors, follow: Wildhorse Ltd. Blossom Ltd. 2024 2023 2024 2023 Net sales $1,230,000 $905,000 Cost of goods sold 408,000 624,000 Operating expenses 72,000 71,000 Interest expense 2.200 2,300 Income tax expense 15,460 6,500 Current assets 1,109,000 $1,003,000 305,000 $180,000 Capital assets (net) 1,758,000 1,658,000 646,250 515,000 Current liabilities 273,000 904,000 94,400 75,000 Long-term liabilities: 785,000 666,000 134,000 94,000 Share capital 979,715 894,000 380,000 373,000 Retained earnings 829.285 197,000 342,850 153,000 (a) Your answer is correct. Prepare a common-size analysis of the 2024 statement of income data for Wildhorse Ltd. and Blossom Ltd. (Round percentage answers to 1 decimal place, eg. 15.1%)
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