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Case Question 12-23 Haver Industries is a leading consumer products company. The companys adapted comparative balance sheets and income statements (in $ Haver Industries Comparative Income Statements For the Years Ended December 31 Seing, general, & administrative expenses 29,773 36,460 14,702 ะ1.718 12.052 Haver Industries Comparative Balance Sheets As of December 31 Property, plant,&equipment, met current liabilinies abilibes Total stockholders equity Torel Liabiaities and Stockholders Equity $135.695 $61.527 57.068 43,706 40 776
(a1) Your answer is correct. In his letters to shareholders in 2012, Havers CEO stated that the companys goal for the next five years was to achieve 496 to 696 sales growth each year and at least 10% growth in earnings per share Compute the sales and EPS growth? (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 Sales growth EPS growth Click if you would like to Show Work for this question: 20.2 10.4 18.5 7.8 15.4 30.0 23.3 Open Show Work LINK TO TEXT Attempts: 1 of 15 used (b1) Your answer is incorrect. Try again Managing a broad collection of brands is challenging. In its 2012 annual report, Haver Industries stated that acquisitions and divestitures are part of the Companys strategic focus on developing brands that offer the greatest potential for growth. The report went on, This requires some difficult decisions, including a restructuring program to reduce overhead and streamline manufacturing processes. In other words, the company strives to use its assets to earn the greatest possible return. Compute the return on assets? (Round answers to 1 decimal places, e.g. 52.7) 2016 2015 2014 2013 Return on assets 7.9 12.9 12.3 Click if you would like to Show work for this question: OpenSho work
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Answer #1

Solution

2016 2015 2014 2013
Return on assets 8.8% 11.7% 12.9% 12.3%

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Working

2013 2014 2015 2016
Total fixed assets at beginning $        40,776.00 $    43,706.00 $    57,048.00 $    61,527.00
Total fixed assets at end $        43,706.00 $    57,048.00 $    61,527.00 $ 135,695.00
Total $        84,482.00 $ 100,754.00 $ 118,575.00 $ 197,222.00
Average assets $        42,241.00 $    50,377.00 $    59,287.50 $    98,611.00
Return on Total Assets
Choose Numerator / Choose Denominator = Return on Total Assets
Net income / Average Total Assets = Choose Numerator
2013 $           5,186.00 / $    42,241.00 = 12.3%
2014 $           6,481.00 / $    50,377.00 = 12.9%
2015 $           6,923.00 / $    59,287.50 = 11.7%
2016 $           8,684.00 / $    98,611.00 = 8.8%
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