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The following information comes from Daveco's 201 and 20X2 Financial Statements Daveco had 100 shares of common stock outstanding and declared no Preferred Dividends. Please
The following information comes from Daveco's 201 and 20X2 Financial Statements Daveco had 100 shares of common stock outstanding and declared no Preferred Dividends. Please calculate the following ratios, rounding to one decimal place. What is Daveco's Asset Turnover for 20X2? Please round to one decimal place. A What is Daveco's Return on Assets for 20X2? Please round to zero decimal places and express the answer without the percentage sign- (i.e. if you want to answer 42%, then write 42 ) A What is Daveco's Return on Equity for 202 ? Please round to one decimal place and express the answer without the percentage sign- (i.e. if you want to answer 42.3%, then write 42.3 ). A What was Daveco's Earnings Per Share? Round to the nearest penny. (Remember however that pennies are refered to as decimals, so if you think the answer is $4.26, then you would enter 4.26 . Also note that answers can be less than $1, in which case the answer would be written as .95 for $0.95. ) A Hide hint for Question 1 Don't forget to use Balance Sheet Averages for Asset Turnover, ROA, and ROE
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