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Please answer within the next 15-20mins. Thank you! The following information pertains to Dallas Company. Assume that all balance sheet amounts regrert both average and
Please answer within the next 15-20mins. Thank you!
The following information pertains to Dallas Company. Assume that all balance sheet amounts regrert both average and ending balance figures and chat a sales were on credit Assets Cash and short-term investments $11.15 Accounts receivable (net) 334,599 Inventory 38.791 Property, plant, and equipment 208,975 Total Assets $323,522 Liabilities and Stockholders' Equity 561,981 Current liabilities 89,264 Long-term liabilities 102,000 Common stock, $20 par 70,277 Retained earnings $12,522 Total Liabilities and stockholders' equity Income Statement 590,914 Sales 40.911 Cost of goods sold $50,003 Gross margin 2826 Previous Next Operating expenses Email Instructor Submit Test for Grading Long-term liabilities 89,264 Common stock, $20 par 102,000 Retained earnings 70,277 Total Liabilities and stockholders' equity $323,522 Income Statement Sales $90,914 Cost of goods sold 40,911 Gross margin $50,003 28,236 Operating expenses $21,767 Net income 5,100 Number of shares of common stock $20 Market price of common stock $1.00 Dividends per share $40,000 Cash provided by operations What is the return on stockholders' equity? O a. 31.0% Ob. 4.3% Oc. 4.7% O d. 1.1% Step by Step Solution
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