The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average...
The following information pertains to Swifty Corporation. Assume
that all balance sheet amounts represent both average and ending
balance figures. Assume that all sales were on credit.
|
Assets |
|
|---|---|
|
Cash and short-term investments |
$ 50300 |
|
Accounts receivable (net) |
39200 |
|
Inventory |
23200 |
|
Property, plant and equipment |
226000 |
|
Total Assets |
$338700 |
|
Liabilities and Stockholders’ Equity |
|
|
Current liabilities |
$ 60000 |
|
Long-term liabilities |
95000 |
|
Stockholders’ equity—common |
183700 |
|
Total Liabilities and Stockholders’ Equity |
$338700 |
|
Income Statement |
|
|
Sales revenue |
$97000 |
|
Cost of goods sold |
71800 |
|
Gross profit |
25200 |
|
Operating expenses |
10100 |
|
Net income |
$ 15100 |
|
Number of shares of common stock |
6900 |
|
Market price of common stock |
$30 |
|
Dividends per share on common stock |
6.2 |
|
Cash provided by operations |
$43000 |
What is the return on common stockholders’ equity for this
company?
19.1%
13.7%
10.4%
8.2%
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The following information pertains to Swifty Corporation. Assume
that all balance sheet amounts represent both average...
Multiple Choice Question 171 The following information pertains to Swifty Corporation. Assume that all balance sheet...
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