Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the Return on Assets? 2016 (Thousands of Dollars, except Eaning per Share) Sales Revenue 210,000.00 cost of goods sold 125,000.00 Net inocme 8,300.00

What is the Return on Assets?

2016 (Thousands of Dollars, except Eaning per Share)
Sales Revenue 210,000.00
cost of goods sold 125,000.00
Net inocme 8,300.00
Dividends 2,600.00
Earning pear share 4.15
Hi-Tech Instruments Inc
Balance Sheets
Thoursands of Dollars 31-Dec-16 31-Dec-15
Assets
Cash 18,300 18,000
Accoutns receivable (net) 46,000 41,000
Inventory 39,500 43,700
Total Current Assets 103,800 102,700
Plant Assets (net) 52,600 50,500
Other assets 15,600 13,800
Total Assets 172,000 167,000
Liabilities and Stockholders' Equity
Notes payable - banks 6,000 6,000
Accounts Payable 22,500 18,700
Accrued Liabilities 16,500 21,000
Total Current Liabilities 45,000 45,700
9% Bonds Payable 40,000 40,000
Total Liabilities 85,000 85,700
Commin Stock $25 par value (2,000,000 shaes) 50,000 50,000
Retained earnings 37,000 31,300
Total Stockholders's Equity 87,000 81,300
Total Liabilities and Stockholders' Equity 172,000 167,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Safety Health And Environmental Auditing A Practical Guide

Authors: Simon Watson Pain

1st Edition

1439829470, 978-1439829479

More Books

Students also viewed these Accounting questions

Question

1. What are the pros and cons of diversity for an organisation?

Answered: 1 week ago

Question

1. Explain the concept of diversity and equality in the workplace.

Answered: 1 week ago