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The following shows Dernham Inc. 's income statement for the last two years. The company had assets of $7,050 million in the first year and
The following shows Dernham Inc. 's income statement for the last two years. The company had assets of $7,050 million in the first year and $11,278 million in the second year. Common equity was equal to $3,750 million in the first year, and the company distributed 100% of its earnings out as dividends during the first and the second years. In addition, the firm did not issue new stock during either year. Dernham Inc. Tncome Statement For the Year Fndina on December 31 (Millions of dollars) Calculate the profitability ratios of Dernham Inc. in the following table. Convert all calculations to a percentage rounded to two decimal places
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