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PLEASE SHOW THE WORK OF THE ATTACHED DOCUMENT FOR FINANCE Balance Sheet (Millions of $) Assets Cash and Cash Equivalents Accounts Receivable Inventories $ 1,554.0
PLEASE SHOW THE WORK OF THE ATTACHED DOCUMENT FOR FINANCE
Balance Sheet (Millions of $) Assets Cash and Cash Equivalents Accounts Receivable Inventories $ 1,554.0 9,660.0 13,440.0 Total Current Assets 24,654.0 Gross Plant and Equipment 26,132.0 Accumulated Depreciation 8,786.0 Net Plant and Equipment TOTAL ASSETS 17,346.0 $42,000.0 Liabilities and Equity Accounts Payable $ 7,980.0 Notes Payable 5,880.0 Accrued Wages and Taxes 4,620.0 Total Current Liabilities 18,480.0 Long-Term Bonds 10,920.0 Total Liabilities 29,400.0 Common Stock 3,360.0 Retained Earnings 9,240.0 Total Common Equity TOTAL LIABILITIES AND EQUITY 12,600.0 $42,000.0 Income Statement (Millions of $) Net sales 58,800.0 54,978.0 Operating Expenses (except depreciation) Depreciation 1,029.0 Interest Expense 1,050.0 Earnings before taxes (EBT) 1,743.0 Taxes Net Income 610.1 $1,133.0 Other data: Shares outstanding (millions) Common dividends Interest rate on Notes Payable & L-T Bonds Federal plus state income tax rate Year-end stock price 175.00 $ 509.83 6.25% 35% $ 77.69 Based on the above information, what is Greshak's Return on Assets (ROA) using the DuPont equation/analysis? The most recent balance sheet and income statement for Greshak Corp. are provided below. Note that the firm has no amortization charges, it does not lease any assets, and its debt level is expected to remain constant in the futureStep by Step Solution
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