Business, 08.04.2020 01:06 aiken11192006
Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts are in millions, except for the per share data).
Income statement data:
$'000
Net sales $1,230
Cost of goods sold $520
Operating expenses $440
Net income $390
Balance sheet data:
$'000
Average total equity $2,400
Average total assets $4,000
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.
At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.
Required:
Compute the following:
a). Gross profit rate
b). Supreme's operating income (in millions)
c). Return on assets
d). Return on equity
e). Price-earning ratio
Answers: 3
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Shown below are selected data from the financial statements of the Supreme Company. (Dollar amounts...
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