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The records of Washington Company showed the following: Average Assets $330,000 Revenues $100,000 Average Liabilities 130,000 Operating Expenses** (81,000) Average Stockholders equity* 200,000 Interest expense
The records of Washington Company showed the following: Average Assets $330,000 Revenues $100,000 Average Liabilities 130,000 Operating Expenses** (81,000) Average Stockholders equity* 200,000 Interest expense (2,000) Net income $17,000 *10,000 shares outstanding at 1/1 and at 12/31; current market price, $30 **Including income tax; income tax rate is 30%
Required: Calculate each of the following ratios:
Return on assets
Return on equity
Net profit margin
Earnings per share
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