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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 For the Years Ended December 31 Selling, general, administrative expenses 9,773 1440 4,702 11,718 12,052 Haver Industries Comparative Balance Sheets As of December 31 Marketable secunibies Property, plant, & eqǐpmere, net Tocal Liabisties and Stockholders Equity 135,695 $61527 $57,048 $43,706 40 776
In his letters to shareholders in 2012, Havers CEO stated that the companys 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 EPS growth Click if you would like to Show Work for this question: 20.2 10.4 7.8 3.3 15.4 30.0 23.3 Open Show Work Attempts: 1 of 15 used 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 6.7 7.9 12.9 12.3 Click if you would like to Show Work for this question: Open Show Work
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Answer #1

Return on assets= Net Income /Average Total Assets

Average Total Assets= Opening Total Assets+Closing Total Assets/2

Year 2016 2015 2014 2013
Net Income        8,684.00      6,923.00      6,481.00      5,186.00
Average total Assets      98,611.00    59,287.50    50,377.00    42,241.00
Return on Assets 8.81% 11.68% 12.86% 12.28%
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