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What is the return on common shareholder's equity for 2021? Express up to two decimals. For example, if the answer was 15% you would write
What is the return on common shareholder's equity for 2021? Express up to two decimals. For example, if the answer was 15% you would write 0.15 in the input box.
Home Hardware reported the following information for 2021 and 2020. 2021 2020 Assets Cash ....... Accounts receivable Inventory ......... Property, plant, and equipment Total assets .... $ 50,000 $ 45,000 35,000 25,000 25,000 20,000 240,000 210,000 $350,000 $300,000 Liabilities and Shareholders' Equity Current liabilities ....... $ 65,000 $ 60,000 Non-current liabilities 110,000 90,000 Shareholders' equitycommon ........... 175,000 150,000 Total liabilities and shareholders' equity.... $350,000 $300,000 Income statement for 2021 Sales......... Cost of goods sold Gross profit ...... Operating expenses Income before income tax Income tax expense Net income $95,000 45,000 50,000 15,000 35,000 5,000 $30,000 Share data for 2021 Weighted average number of common shares 6,000 Market price per common share $40 Dividends per share........... $0.90Step by Step Solution
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