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The following information pertains to Coronado Company Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Coronado Company Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Assets Cash and short-term investments $ 40000 Accounts receivable (net) 26000 Inventory 19000 Property, plant and equipment 205000 Total Assets 5290000 Liabilities and Stockholders' Equity Current liabilities $57000 Long-term liabilities 88000 Stockholders equity-common 145000 Total Liabilities and Stockholders' Equity $290000 Income Statement Sales revenue $ 84200 Cost of goods sold 45900 Gross margin 38300 Operating expenses 20320 Net income $ 17980 6100 Number of shares of common stock Market price of common stock $18 Dividends per share on common stock 0.90 Cash provided by operations $29500 What is the return on assets for this company
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