Question
Tamarisk Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a
Tamarisk 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 Tamarisk Inc. operations.
($000 omitted) | ||||||||||
2021 | 2020 | 2019 | 2018 | 2017 | ||||||
Sales revenue | $19,960 | $16,130 | $13,930 | $5,990 | $3,970 | |||||
Net income | 2,400 | 1,410 | 800 | 710 | 250 | |||||
Average total assets | 21,940 | 19,160 | 11,590 | 4,180 | 3,000 | |||||
Current assets | 8,040 | 5,940 | 3,000 | 1,200 | 1,000 | |||||
Working capital | 3,610 | 3,230 | 1,220 | 500 | 400 | |||||
Common shares: | ||||||||||
Number of shares outstanding (000) | 2,000 | 2,000 | 2,000 | 20 | 20 | |||||
Average market price | $9 | $6 | $4 |
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 Tamarisk Inc. (Round answers to 2 decimal places, e.g. 2.25 or 2.25%.)
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