Question
The following amounts were taken from the financial statements of Splish Brothers Inc.: 2022 2021 Total assets $819000 $1018000 Net sales 748000 671000 Gross profit
The following amounts were taken from the financial statements of Splish Brothers Inc.:
| 2022 | 2021 | |
|---|---|---|
| Total assets | $819000 | $1018000 |
| Net sales | 748000 | 671000 |
| Gross profit | 377000 | 338000 |
| Net income | 146960 | 128000 |
| Weighted average number of common shares outstanding | 86000 | 98000 |
| Market price of common stock | $41 | $36 |
The return on assets for 2022 is
8%.
14%.
16%.
18%.
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Auditing Information Security A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
1867303531, 978-1867303534
