The return on common stockholders' equity for the company for 20X4 is 57.14% (b) 20.91% 20.69% 35.09% 23 The earnings per share for the company for 20X4 is (a) $2.76. (b) $2.86. (c) $2.67 (d) 2.50 Sales were $640,000, of which 80% were on credit. Cost of goods sold is 60% of sales. Net income was $40,000 for the year. Average common shares of stock outstanding during the year were 14.500. MAHLER COMPANY COMPARATIVE BALANCE SHEETS FOR YEARS ENDING DECEMBER 31, 20 AND 20X4 12/31X4 12/31 Cash 5 122400 Short Term Investments Accounts Receivable (Net) Inventory Prepaid Insurance 23 500S 40,000 35.000 62 400 1.400 15. 00 000 90.000 SO 9,000 124.000 165.000 Buildings Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipment Patients Trademark Total Assets (70,000) 221.500 (104.600) 191,400 010 9.200 15.200 544.600 S 12 500S 18.700 7.200 6.100 20.500 15.700 39.000 $1,000 Accounts Payable Wages and Salaries Payable Income Taxes Payable Short Term Notes Payable Mortgage Payable Bonds Payable Common Stock, 55 par value Additional Paid In Capital, Common Stock Retained Earnings Treasury Stock (1,000 shares) Total Liabilities and Stockholders' Equity 54.000 100.000 50.000 5000 19.000 91.90 49.000 75.800 8.500) 424,500 s $ 396,950