Question
The following information pertains to Marigold Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Marigold Corp. 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 | $ 55000 |
| Accounts receivable (net) | 36300 |
| Inventory | 25000 |
| Property, plant and equipment | 227000 |
| Total Assets | $343300 |
| Liabilities and Stockholders Equity | |
| Current liabilities | $ 64900 |
| Long-term liabilities | 93500 |
| Stockholders equitycommon | 184900 |
| Total Liabilities and Stockholders Equity | $343300 |
| Income Statement | |
| Sales revenue | $107000 |
| Cost of goods sold | 68500 |
| Gross profit | 38500 |
| Operating expenses | 23500 |
| Net income | $ 15000 |
| Number of shares of common stock | 6700 |
| Market price of common stock | $26 |
| Dividends per share on common stock | 3.6 |
| Cash provided by operations | $31000 |
What is the return on common stockholders equity for this company?
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
