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The following information pertains to Waterway Company Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were
The following information pertains to Waterway 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 $39000 Accounts receivable (net) 28000 Inventory 16000 Property, plant and equipment 211000 Total Assets $294000 Liabilities and Stockholders' Equity Current liabilities $59000 Long-term liabilities 110000 Stockholders' equity-common 125000 Total Liabilities and Stockholders $294000 Equity Income Statement Sales revenue $80000 Cost of goods sold 44000 Income Statement Sales revenue $80000 Cost of goods sold 44000 Gross margin 36000 Operating expenses 21000 Net income $15000 Number of shares of common stock 7000 Market price of common stock $20 Dividends per share on common stock 0.90 Cash provided by operations $26000 What is the return on common stockholders' equity for this company? O 12.0% O 3.7% 22.0% O 52.0% The following information pertains to Bonita 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) 24000 Inventory 20000 Property, plant and equipment 211000 Total Assets $295000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities $40000 105000 Stockholders' equity-common 150000 Total Liabilities and Stockholders' Equity $295000 Income Statement Sales revenue $85800 Cost of goods sold 44100 Income Statement Sales revenue $85800 Cost of goods sold 44100 Gross profit 41700 Operating expenses 20900 Net income $20800 Number of shares of common stock 6400 Market price of common stock $20 Dividends per share on common stock 0.90 Cash provided by operations $29000 What is the current ratio for this company? 2.10 O 148 O 184 1.28
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