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The following amounts were taken from the financial statements of Blue Spruce Corp. : 2022 2021 Total assets $ 805000 $ 1014000 Net sales 736000
The following amounts were taken from the financial statements of Blue Spruce Corp.:
| 2022 | 2021 | |
|---|---|---|
| Total assets | $805000 | $1014000 |
| Net sales | 736000 | 660000 |
| Gross profit | 361000 | 328000 |
| Net income | 272850 | 125000 |
| Weighted average number of common shares outstanding | 89300 | 94000 |
| Market price of common stock | $49 | $30 |
The return on assets for 2022 is
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
