i Account information Accounts Payable 41,000||Accrued Liabilities 23,000 Retained Earnings Long-term Note Payable 100,500 Common Shares,...

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i Account information Accounts Payable 41,000||Accrued Liabilities 23,000 Retained Earnings Long-term Note Payable 100,500 Co

Assets Current assets: 51,000 Cash Accounts receivable, net 108,000 Inventory 193,500 18,000 Prepaid expenses 370,500 Total c

Intangible assets: 45,000 Patent, net $ 800,500 Total assets Liabilities Current liabilities: Accounts payable 41,000 Accrued

Accounts payable 41,000 Accrued liabilities payable 23,000 4,500 Dividends payable 68,500 Total current liabilities 100,500 L

Shareholders Equity Contributed capital: Preferred shares, $1.05 37,000 65,000 shares authorized and 7,400 issued Common sha

паг 00 OTUIU UULI IUIIZC LTU,U 245,000 49,000 shares issued Total contributed capital 282,000 349,500 Retained earnings 631,5

Requirement 2. Compute the rate of return on total assets and the rate of return on common shareholders equity for the year

Requirement 3. Do these rates of return suggest strength or weakness? Give your reason. These rates of return suggest some st

business accounting

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Answer 1

Answer #1

Rate of Return on Assets = Net Income / Average Total Assets
= $143000 / $684750 = 20.88%
Average Total Assets = ($800500+569000)/2 = $684750

Rate of Return on Common Shareholder's Equity = Net Income / Average Total Assets
= $143000 / $576750 = 24.79%
Average Common Stockholder's Equity = ($631500+522000)/2 = $576750

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Answer 2

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