Business, 11.02.2020 20:21 dymesha17

Balance Sheet

Current assets
Cash: 830,000
Acc receivable not given Inventories: 1,280,000
Fixed assets: 3,830,000
TOTAL ASSETS: 7,500,000

Current liabilities
Acc payable not given Long-term debt: 3,000,000
Common stock: 1,050,000
Retained earnings: 2,930,000
TOTAL LIAB and EQUITY: 7,500,000

Income Statement
Sales: 30,000,000
Operating expense: 22,500,000
EBIT: 7,500,000
Interest expense: 420,000
EBT: 7,080,000
Taxes: 2,832,000
Net income: 4,248,000

What is the firm's return on common equity?

Answers: 1

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Balance Sheet

Current assets
Cash: 830,000
Acc receivable not given Inven...