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*Problem 24-5 Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide
*Problem 24-5 Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Matheny Inc. operations. ($000 omitted) 2018 2017 2016 2015 2014 $20,000 $16,000 $14,000 $6,000 $4,000 2,400 1,400 800 700 250 22,000 19,000 11,500 4,200 3,000 8,000 6,000 3,000 1,000 3,600 3,200 1,200 500 400 Sales revenue Net income Average total assets Current assets Working capital Common shares: Number of shares outstanding (000) Average market price 1,200 20 20 2,000 $9 2,000 $6 2,000 $4 (b) Compute the return on assets, profit margin on sales, earnings per share, price-earnings ratio, and current ratio for each of the 5 years for Matheny Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) 2018 2017 2016 2015 2014 Return on assets % % % % % Profit margin on sales % % % % % Earnings per share $ $ $ $ Price-earnings ratio times times times Current ratio times times times times times
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