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Selected data from the Carmen Company at year end are presented below: Total assets Average total assets Net income Sales $2,000,000 2,200,000 250,000 1,300,000 1,000,000
Selected data from the Carmen Company at year end are presented below: Total assets Average total assets Net income Sales $2,000,000 2,200,000 250,000 1,300,000 1,000,000 275,000 10,000 400,000 Average common stockholders' equity Net cash provided by operating activities Shares of common stock outstanding Long-term investments Required: Calculate the profitability ratios that can be computed from the above information. Assume the company had no preferred stock or interest expense. Round dollar values to two decimal places and other final answers to one decimal place. (a) Asset turnover ratio (b) Return on total assets (C) Return on common stockholders' equity (d) Earnings per share on common stock per share
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