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Problem 24-5 Skysong 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 Skysong 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 Skysong Inc operations ($000 omitted) 2018 2017 2016 2015 2014 Sales revenue Net income Average total assets Current assets Working capital Common shares: $20,130 15,960 $13,930 $6,040 $4,030 2,400 22,070 19,110 1,380 4,170 3,000 800 12980 4170 2so 3,170 040 040 2,980 1,210 1,190 400 Number of shares outstanding (000) Average market price 2,000 2,000 $6 2,000 $4 20 20 (b) Compute the return on assets, profit margin on sales, earnings per share, price- earnings ratio, and current ratio for each of the 5 years for Skysong Inc. (Round answ to 2 decimal places, eg. 2.25 or 2.25%) 2018 2017 2016 2015 2014 Return on assets Profit margin on sales Earnings per share$ Price-eamings ratio Current ratio times times times times times times times tim
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