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Please consider the following financial numbers for Carradine Company and then prepare answers to the required questions. Carradine Company reported net income of $1.903 million
- Please consider the following financial numbers for Carradine Company and then prepare answers to the required questions.
Carradine Company reported net income of $1.903 million on revenues of $55.618 million for the year 2019. Interest expense totaled $0.459 million and preferred dividends totaled $13.5 million. Average total assets for the Year were $17,5 million. The income tax rate is 21%. Average preferred shareholders equity totaled $250 million, and average common shareholders equity totaled $7.5 million.
- Compute the rate of return on assets (ROA) and disaggregate ROA into profit margin and assets turnover components.
- Compute the rate of return on common stock equity (ROCE) and disaggregate ROCE into profit margin, assets turnover, and capital leverage ratio components.
- Calculate the amount of net income to common shareholders.
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