Question

(a1) Your answer is correct. In his letters to shareholders in 2012, Haver’s CEO stated that the company’s goal for the next five years was to achieve 4% to 6% 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 20.2% 10.4% 18.5% 7.8% EPS growth 3.3% 15.4% 30.0% 23.3% Click if you would like to Show Work for this question: 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 Company’s 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 8.8% 11.7% 12.9% 12.3%

All Return on Assets are wrong.  

Haver For the Years Ended December 31 2016 2015 Net sales revenue Cost of goods sold Gross proft Research & development expenses Selling, general, & administrative expenses Nonoperating income (expense) Interest expense $68,222 $56,741 $51,407 $43,377 $40,238 33,125 27,872 25,076 22,141 20,989 35,097 28,869 26,331 21,236 19,249 2,075 1,940 1,802 1,665 11,718 19,773 16,460 14,702 12,052 93507,530 6,383 2,869 2,344 2,031 $8,684 $6,923 $6,481 $5,186 $4,352 $2.79 $2.70 34 $1.80 $1.46 $1.15 $1.03 0.93 50.82 0.76 Income taxes Earnings per share Dividends per share Haver Assets 2015 2013 2 $6,693 $6,39 $4,232 $5,912 3,427 Marketable securities Receivables 4,185 4,062 3,038 3,090 5,006 4,400 3,640 3,456 Other current assets Total current assets 24,329 20,329 17,115 15,220 12,166 18,770 14,332 14,108 13,104 13,349 89,027 24,163 23,900 13,507 13,430 1,831 $135,695 $61,527 $57,048 $43,706 $40,776 Property, plant, & equipment, net Deposits & other assets 1,925 Liabilities Notes payable $0 $6,769 $1,079 3,113 3,802 3,617 2,795 2,205 Current long-term debt 2,128 11,441 1,518 1,093 2,957 2,925 2,606 2,429 2,265 2,554 1,879 1,438 expense 60 4,830 Other current liabilities Total current liabilities 19,985 25,039 22,147 12,358 12,704 1,896 2,261 1,396 1,077 35,344 12,614 12,302 11,475 11,201 Long-term debt Non-current capital leases Other long-term liabilities Total liabilities 72,787 43,052 39,770 27,520 27,070 Stockholders' Equity Capital surplus Retained earnings 2,977 2,544 1,297 1,301 3,030 2,425 2,931 2,490 35,666 31,004 13,611 13,692 11,980 (34,235) (17,194) (355) 1,342) (1,302 1,734) (2,065) 62,908 18,475 17,278 16,186 13,706 Total Liabilities and Stockholders' Equity $135,695 $61,527 $57,048 $43,706 $40,776 Total stockholders' equity

Answer 1

	2016	2015	2014	2013
Total assets	135695	61527	57048	43706
Net income	8684	6923	6481	5186
Return on assets	6.4	11.3	11.4	11.9