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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets 40,000 30,000 25,000 280,000 $375,000 Cash and short-term investments Accounts receivable (net) Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity 60,000 95,000 220,000 375,000 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $90,000 45,000 $45,000 15,000 Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations 6,000 $20 $1.00 $40,000 What is the return on stockholders' equity? a. 40.9% 0,73% c. 20.5% d. 13.696
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