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What is the return on equity for 2011? Bayside Inc. 2011 Income Statement (S in thousands) $5,680 4,060 420 Net sales Less: Cost of goods
What is the return on equity for 2011?
Bayside Inc. 2011 Income Statement (S in thousands) $5,680 4,060 420 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income 1,200 30 $1,170 410 $ 760 Bayside, Inc. 2010 and 2011 Balance Sheets ($ in thousands) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2010 2011 $ 70 $ 180 980 840 1.560 1.990 $2,610 $3,010 3.600 3,360 $6,210 S6,370 Accounts payable Long-term debt Common stock Retained earnings 2010 2011 $1,350 $1,170 720 500 3,200 3,500 940 1.200 Total liabilities & equity 86,210 S6,370
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