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Problem 24-5 Novak 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 Novak 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 Novak Inc. operations. ($000 omitted) 2018 2017 2016 2015 2014 20,010 $16,010 $13,870 $6,030 $4,030 2,410 1,410800 690 250 21,940 18,990 11,390 4,170 2,990 8,020 6,040 2,970 1,190 1,010 3,610 3,220 1,200 500 400 Sales revenue Average total assets Working capital Common shares Number of shares outstanding (000) Average market price 2,000 $8 2,000 $6 2,000 2020 (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 Novak Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.) Return on assets Profit margin on sales Earnings per share $ Price-earnings ratio times Current ratio times times times
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