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Selected data from the Carmen Company at year end are presented below: Total assets $2,000,000 Average total assets 2,200,000 Net income 250,000 Sales 1,300,000 Average
Selected data from the Carmen Company at year end are presented below:
Total assets | $2,000,000 |
Average total assets | 2,200,000 |
Net income | 250,000 |
Sales | 1,300,000 |
Average common stockholders' equity | 1,000,000 |
Net cash provided by operating activities | 275,000 |
Shares of common stock outstanding | 10,000 |
Long-term investments | 400,000 |
Calculate: (a) asset turnover ratio; (b) return on total assets; (c) return on common stockholders' equity; and (d) earnings per share on common stock. 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.
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