Question
What is this company's return on equity for 2017? Income Statement ($000s) Balance Sheet ($000s) 2017 2016 2017 2016 Revenues $ 200 $175 Cash $
What is this company's return on equity for 2017?
Income Statement ($000s) Balance Sheet ($000s)
2017 2016 2017 2016
Revenues $ 200 $175 Cash $ 10 $150
Cost of Goods Sold 110 100 Accounts Receivable 30 40
Operating Expenses 30 28 Inventory 20 40
Interest Expense 20 12 Plant, Property, Equipment 180 200
Net Income 40 35 Total Assets $ 240 $430
Dividends 20 20 Accounts Payable $ 15 $ 25
Bank Debt Due in 6 Months 15 50
Long term Debt 80 245
Common Stock 60 60
Retained Earnings 70 50
Total Liabilities & Equity $ 240 $430
The company has 1,000,000 shares of common stock authorized, 500,000 shares issued, and 200,000 outstanding as of both 12/31/2017 and 12/31/2016.
46.2% |
36.4% |
30.8% |
50.0% |
33.3% |
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