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The following information pertains to Carlton Company. Assume that all balance sheet amounts represents end-of-period amounts. Assume that all sales were on credit. Assets Cash
The following information pertains to Carlton Company. Assume that all balance sheet amounts represents end-of-period amounts. Assume that all sales were on credit.
Assets | |
Cash and short-term investments | $38,219 |
Accounts receivable (net) | 28,590 |
Inventory | 38,591 |
Property, plant and equipment | 266,111 |
Total Assets | $371,511 |
Liabilities and Stockholders' Equity | |
Current liabilities | $57,129 |
Long-term liabilities | 89,133 |
Stockholders' equity-common | 225,249 |
Total liabilities and stockholders' equity | $371,511 |
Income Statement | |
Net Sales | $93,921 |
Cost of goods sold | 37,568 |
Gross margin | 56,353 |
Operating expenses | 24,572 |
Net income from operations | $31,781 |
Interest expense | 4,696 |
Net income | $27,085 |
Number of shares of common stock | 5,621 |
Market price of common stock | $29 |
Total dividends paid | $9,000 |
Cash provided by operations | $30,000 |
What is the return on total assets for this company?
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