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The following information related to TRT Company for the years 2019 and 2020. 1. Income Statement Information 2019 2020 Net Sales $310,000 $250.000 Cont of

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The following information related to TRT Company for the years 2019 and 2020. 1. Income Statement Information 2019 2020 Net Sales $310,000 $250.000 Cont of God sold 00,000 10,000 Operating Expense 10.000 11.0XXO interest Expense 9.000 10,260 income Tax Expense 10.200 9,000 Net Income 154,000 103,200 2. Other Information: 2019 2020 Total Assets $250.000 $190,000 Construction in Progress 15.000 14,200 Intangible Assets 7.000 7.000 Long-term debes 70,000 70,000 Current abilities 40,000 50,000 Preferred Stocks, 5% 10,000 10,000 Common Stocks, 210,000 150,000 Dividend for common shares 84,000 60,000 Market Price of common shares 16 10 3. Common Stock outstanding information: No change in outstanding common shares during 2019, in 2020 the following changes occurred: 40,000 January 1 2020 (Beginning) April 1. 2020 Shares issued 20,000 6,000 July 1, 2020 Purchased Treasury shares Sept 30. 2020 Shares issued 8.000 November 1.2020 Stock Dividend 10% issued Dec 31, 2020 Shares issued 1,950 anstructions For the year 2020, Compute: Return on investment 50% 46% 35% 45

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