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Please Answer and show work neatly for a better understanding Thank you Based on the Income Statement and Balance sheet below calculate the Return on
Please Answer and show work neatly for a better understanding Thank you
Based on the Income Statement and Balance sheet below calculate the Return on Asset f lks in this sector. LIABTLITIES Cunetitithies Owner's Equidy Capital Stock Retaned Eamings \begin{tabular}{rc} 10,1II & 10,010 \\ 436,917 & 358,914 \\ - & - \\ \hline 446,917 & 368,904 \\ \hline 1,029,081 & 827,190 \\ \hline \end{tabular} INCOME STATEMENT REVENUE 3, 28,950 100.0% CONSTRUCTION COSTS Materials Labor Subcontract Equiment Other Total Construction Costs \begin{tabular}{rr} 713,462 & 18.8% \\ 902,514 & 23.8% \\ 1,450,352 & 38.2% \\ 121,123 & 32% \\ 5,452 & 0.1% \\ \hline 3,192,913 & 84.0% \end{tabular} EQUIPMENT COSTS \begin{tabular}{lcc} Rent and Lease Payments & 35,513 & 09% \\ Deprecition & 32,397 & 09% \\ Repais and Maintenance & 21,251 & 0.6% \\ Fued and Lubricainn & 29,245 & 0.8% \\ Taxes, Iicenses, and Insurance & 1,342 & 0.0% \\ Eqment Costs Charged to Jobs & 121,123 & 32% \\ \cline { 2 - 3 } Total Equiment Custs & - & 0.0% \end{tabular} GROSS PROFIT 606,047 16.0% OVERHEAD 422,56211.1% NET PROFTT FROM OPERATIONS 183,4854.8% OTHER INCOME AND EXPENSE 21,5210.6% PROFTT BEFORE TAX \begin{tabular}{rr} 205006 & 5.4% \\ \hline \end{tabular} INCOME TAX PROFTT AFTER TAX 169,482 45% 16.55% - well within range for this sector 18.2% - below range for this sector 16.55\%- below range for this sector 18.2% - well within range for this sector
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