Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the Return on Sales? 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 Sales?
| 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started