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The following information pertains to Unique Company. Assume that all balanc sheet amounts represent both average and ending balance figures. Assume tha sales were on
The following information pertains to Unique Company. Assume that all balanc sheet amounts represent both average and ending balance figures. Assume tha sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total Assets $295,000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total Liabilities and Stockholders' $295.000 Equity Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income Number of shares of common stock $ 85,000 45,000 40,000 20,000 $ 20,000 6.000 $20 0.90 Market price of common stock Dividends per share on common stock Cash provided by operations $30.000 What is the return on assets for this company? What is the return on assets for this company? a) 11.7% b) 6.8% od 10.0% d) 26.7%
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