Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data).
| Income statement data: | |||
| Net sales | $ | 1,330 | |
| Cost of goods sold | $ | 545 | |
| Operating expenses | $ | 465 | |
| Net income | $ | 440 | |
| Balance sheet data: | |||
| Average total equity | $ | 2,900 | |
| Average total assets | $ | 4,500 | |
Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $93 per share.
Supreme's return on equity was:
Homework Answers
ANSWER:
Return on equity = net income/average total equity
= $440 million/$2900 million
= 15.17%
Add Answer to:
Shown below are selected data from the financial statements of
Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet data: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales Cost of goods sold Operating expenses Net income Balance sheet data: Average total equity Average total assets $1,330 $ 545 $ 465 $ 440 $2,900 $4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall Street Journal listed Supreme's...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,330 Cost of goods sold $ 545 Operating expenses $ 465 Net income $ 440 Balance sheet data: Average total equity $ 2,900 Average total assets $ 4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). - eBook Tncome statement datat Net sales Cost of goods sold Operating expenses Not nec Balance sheet datat Average total equity Average total assets $1,230 $ 520 $ 440 $ 390 $2.400 $4.000 Supreme reported earnings per share for the year of $4...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions...
The financial statements of Friendly Fashions include the
following selected data (in millions): ($ in millions except share
data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778
Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in
millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -
Required: Calculate the following ratios for Friendly Fashions in
2021. (Enter your Dividend yield and Price-earning ratio values to
2 decimal places. Enter your...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $8,543 $ 190 $1,800 700 $ 0.44 $ 7.90 2020 $9,634 $ 668 $2,200 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value): (Click the icon to view the account information.) Requirement 1. Net income has already been closed to Retained Earnings. Prepare the stockholders' equity section of Mountainpeak's balance sheet. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Enter all amounts as they are shown in the data table. Enter dollar amounts,...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions except share data) Sales Set income Stockholders' equity Average shares outstanding (in millions) Dividenda per share Stock price 2021 $8,043 $ 140 $1,750 2020 $9,134 $ 618 $2,250 725 $ 0.31 $ 8.90 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (.e. 5,500,000 should be...
Khaki Republic sells clothing and accessories through premium outlet locations and online. Selected financial data for...
Khaki Republic sells clothing and accessories through premium outlet locations and online. Selected financial data for Khaki Republic is provided as follows: ($ in millions except share data) Sales $ 4,158 Net income $ 144 Stockholders’ equity, beginning $ 1,890 Stockholders’ equity, ending $ 1,931 Average shares outstanding (in millions) 85.6 Dividends per share $ 0.75 Stock price, ending $ 47.23 Required: Calculate the following ratios for Khaki Republic. (Enter your net income and average stockholders' equity answers in millions...
Shown below are data taken from a recent annual report of Reebok International Ltd. (Dollar amounts...
Shown below are data taken from a recent annual report of Reebok International Ltd. (Dollar amounts in millions.) January 1, December 31, 2017 2017 Balance sheet data: Current assets...........................$ 714 $ 784 Total assets.............................. 1,063 1,166 Current liabilities....................... 256 203 Total liabilities......................... 372 322 Total stockholders' equity......... 691 844 Income statement data: Net sales..............................................$1,822 Gross profit.......................................... 750 Operating income 293...
Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales Cost of goods sold Operating expenses Net income Balance sheet data: Average total equity Average total assets $1,330 $ 545 $ 465 $ 440 $2,900 $4,500 Supreme reported earnings per share for the year of $3 and paid cash dividends of $3 per share. At year-end, the Wall Street Journal listed Supreme's...
Required information [The following information applies to the questions displayed below. 1 of 4 Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). - eBook Tncome statement datat Net sales Cost of goods sold Operating expenses Not nec Balance sheet datat Average total equity Average total assets $1,230 $ 520 $ 440 $ 390 $2.400 $4.000 Supreme reported earnings per share for the year of $4...
The financial statements of Friendly Fashions include the
following selected data (in millions): ($ in millions except share
data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778
Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in
millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -
Required: Calculate the following ratios for Friendly Fashions in
2021. (Enter your Dividend yield and Price-earning ratio values to
2 decimal places. Enter your...
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $8,543 $ 190 $1,800 700 $ 0.44 $ 7.90 2020 $9,634 $ 668 $2,200 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be...
The financial statements of Mountainpeak Employment Services, Inc., reported the following accounts (adapted, with dollar amounts in thousands except for par value): (Click the icon to view the account information.) Requirement 1. Net income has already been closed to Retained Earnings. Prepare the stockholders' equity section of Mountainpeak's balance sheet. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Enter all amounts as they are shown in the data table. Enter dollar amounts,...
The financial statements of Friendly Fashions include the following selected data (in millions): (5 in millions except share data) Sales Set income Stockholders' equity Average shares outstanding (in millions) Dividenda per share Stock price 2021 $8,043 $ 140 $1,750 2020 $9,134 $ 618 $2,250 725 $ 0.31 $ 8.90 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (.e. 5,500,000 should be...
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