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Sales $ 8,500.00 COGS $ 6,800.00 Gross profit $ 1,700.00 General & admin. Expenses $ 200.00 Depreciation $ 500.00 Interest Expense $ 150.00 EBT $
Sales | $ 8,500.00 | ||
COGS | $ 6,800.00 | ||
Gross profit | $ 1,700.00 | ||
General & admin. Expenses | $ 200.00 | ||
Depreciation | $ 500.00 | ||
Interest Expense | $ 150.00 | ||
EBT | $ 850.00 | ||
Taxes | $ 310.00 | ||
Net Income | $ 540.00 | ||
EPS | $ 2.84 | ||
| |||
20X1 Beginning | 20X1 Ending | ||
Assets: | |||
Cash | 360 | 380 | |
Marketable Securities | 300 | 100 | |
Receivables | 1100 | 130 | |
Inventories | 600 | 910 | |
Other | 1900 | 660 | |
Total Current Assets | 4260 | 2180 | |
Property, Plant, and Equipments | 5230 | 3400 | |
Other assets | 2300 | 1000 | |
Total Assets | 11790 | 6580 | |
Liabilities & Equity | |||
Accounts Payable | 2800 | 1300 | |
Long-Term Debt | 2400 | 900 | |
Other Liabilities | 1500 | 1400 | |
Total Liabilities | 6700 | 3600 | |
8% Preferred Stock | 500 | 500 | |
Common Stock | 2000 | 1800 | |
Retained Earnings | 2590 | 680 | |
Total Liabilities & Equity | 11790 | 6580 |
The return on equity is closest to:
Group of answer choices
7.94%
9.61%
13.4%
14.1%
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