Trust Corporation reported these figures EB (Click the icon to view the balance sheet.) B (Click the icon to view the income statement) Trust Corporation has 3,000,000 shares of common stock outstanding. Its stock has traded recently at $27.20 per share. You would like to gain a better understanding of Trust Corporation's financial position. Assume all sales are on credit Read the requirement. g. Retun on stockholders' equity Enter the formula on the first line, then calculate the return on stockholders' equity on the next line. (Enter amounts in thousands as provided to you in the problem statement. Round the percentage to the nearest whole percent. For accounts with a zero balance enter $0 where appropriate) Rate of return on equity If we assume any double digit rate of return on equity is strong, we can say Trust Corporation has a because the return on stockholders' equity is -% h. Earnings per share Enter the formula on the first line, then calculate the EPS on the next line. (Enter net income in thousands as provided to you in the problem statement. Enter the shares of outstanding common stock in thousands as well, although it is not given in thousands in the data provided to you. Round your answer to the nearest cent. For accounts with a zero balance enter $0 where appropriate.) - EPS Trust generates per share of common stock. Balance sheet Income statement Trust Corporation Balance Sheets December 31, 2017 and 2016 (amounts in thousands) Trust Corporation Income Statement For the Year Ended December 31, 2017 (amounts in thousands) 2017 2016 2017 Assets Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income $ 16,060 5,780 $ 10,280 2,630 7,650 300 7,350 4,800 2,550 Current assets Cash Accounts receivables Inventory Other current assets 2,730 $ 2,400 2,000 1,500 2,150 7,830 $ 8,050 19,000 $ 29,330 $ 27,050 2,400 1,900 800 Total current assets Other assets Total assets 21,500 Trust Corporstion reported these figures: i Income statement (Click the icon to vicew the balance shect.) (Click the icon to view the income statement) Trust Corporation has 3 000,00o shares of common stock outstanding Its stock has traded recently at $27 20 per share You Read the requirement Trust Corporation Balance Sheets December 31, 2017 and 2016 Trust Corporation Income Statement For the Year Ended December 31, 2017 (amounts in thousands) g. Return on stockhokders' equity Enter the formule on the first line, then calculate the return on stockholders' equity on the next line. (Enter mounts in thousands a balance enter SD where appropriate.) 2017 2016 2017 Assets -Rate of retum on equity Sales rewenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net irconC $16,CI6D 5,780 $10,280 2,630 650 300 $7,350 4,000 2,550 rwe assurne any double digit rate of relurn on equily is strong, we n say T'usl Corporation has because the return on stockholders' equity % h. Earnings per share Enter the formula on the first line, then cakculate the EPS on the next line. (Enter net incomne in thousands as provided to you in the Current assets: Cash Accounts receivables Invenlory Other current assets $ 2,73D $ 2,400 2,000 1,500 2,150 783D $850 19.000 $ 29,330 27,050 relurr 2,400 1,900 Total curent assets Other assets Total assets the data provided to you Round your answer to the nearest cent. For accounts with a zero balance enter $0 where appropriate) 21,5DD EPS Trust generates-]of$ ]per share of common stock. Liabilites Trust Corporation reported these figures EB (Click the icon to view the balance sheet.) B (Click the icon to view the income statement) Trust Corporation has 3,000,000 shares of common stock outstanding. Its stock has traded recently at $27.20 per share. You would like to gain a better understanding of Trust Corporation's financial position. Assume all sales are on credit Read the requirement. g. Retun on stockholders' equity Enter the formula on the first line, then calculate the return on stockholders' equity on the next line. (Enter amounts in thousands as provided to you in the problem statement. Round the percentage to the nearest whole percent. For accounts with a zero balance enter $0 where appropriate) Rate of return on equity If we assume any double digit rate of return on equity is strong, we can say Trust Corporation has a because the return on stockholders' equity is -% h. Earnings per share Enter the formula on the first line, then calculate the EPS on the next line. (Enter net income in thousands as provided to you in the problem statement. Enter the shares of outstanding common stock in thousands as well, although it is not given in thousands in the data provided to you. Round your answer to the nearest cent. For accounts with a zero balance enter $0 where appropriate.) - EPS Trust generates per share of common stock. Balance sheet Income statement Trust Corporation Balance Sheets December 31, 2017 and 2016 (amounts in thousands) Trust Corporation Income Statement For the Year Ended December 31, 2017 (amounts in thousands) 2017 2016 2017 Assets Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income $ 16,060 5,780 $ 10,280 2,630 7,650 300 7,350 4,800 2,550 Current assets Cash Accounts receivables Inventory Other current assets 2,730 $ 2,400 2,000 1,500 2,150 7,830 $ 8,050 19,000 $ 29,330 $ 27,050 2,400 1,900 800 Total current assets Other assets Total assets 21,500 Trust Corporstion reported these figures: i Income statement (Click the icon to vicew the balance shect.) (Click the icon to view the income statement) Trust Corporation has 3 000,00o shares of common stock outstanding Its stock has traded recently at $27 20 per share You Read the requirement Trust Corporation Balance Sheets December 31, 2017 and 2016 Trust Corporation Income Statement For the Year Ended December 31, 2017 (amounts in thousands) g. Return on stockhokders' equity Enter the formule on the first line, then calculate the return on stockholders' equity on the next line. (Enter mounts in thousands a balance enter SD where appropriate.) 2017 2016 2017 Assets -Rate of retum on equity Sales rewenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net irconC $16,CI6D 5,780 $10,280 2,630 650 300 $7,350 4,000 2,550 rwe assurne any double digit rate of relurn on equily is strong, we n say T'usl Corporation has because the return on stockholders' equity % h. Earnings per share Enter the formula on the first line, then cakculate the EPS on the next line. (Enter net incomne in thousands as provided to you in the Current assets: Cash Accounts receivables Invenlory Other current assets $ 2,73D $ 2,400 2,000 1,500 2,150 783D $850 19.000 $ 29,330 27,050 relurr 2,400 1,900 Total curent assets Other assets Total assets the data provided to you Round your answer to the nearest cent. For accounts with a zero balance enter $0 where appropriate) 21,5DD EPS Trust generates-]of$ ]per share of common stock. Liabilites