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Calculate the 2022 Return on Common Stockholder's Equity ratio.

Calculate the 2022 Return on Common Stockholder's Equity ratio.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hcs/380 Calculate the 2022 return on assets ratio
X 8849 HCS/380: Week 4 - Ratio Ca X O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets long-term liabilities Stockholder's equity-common Total liabilities and stockholder's equity Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes $330 Income tax expense Net Income 460 Income Statement 1,380 420 $2,340 1.030 2022 $3,800 2021 25 3.380 420 3294 $360 160 510 2021 $3,160 7,330 3.240 X | | Corporate Fraud - Overview, x + Calculate the 2022 Return on Common Stockholder's Equity ratio. 1500 Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 7 Example 800 < 1.88 Return on Common Stockholder's Equity Ratio 2022 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. ☆
Transcribed Image Text:X 8849 HCS/380: Week 4 - Ratio Ca X O Ratio Calculations Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Cash and cash equivalents Accounts receivable (net) Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Inventory Prepaid expenses Total current assets long-term liabilities Stockholder's equity-common Total liabilities and stockholder's equity Sales Revenue Murawski Company Income Statement For the Years Ended December 31 Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses Income before income taxes $330 Income tax expense Net Income 460 Income Statement 1,380 420 $2,340 1.030 2022 $3,800 2021 25 3.380 420 3294 $360 160 510 2021 $3,160 7,330 3.240 X | | Corporate Fraud - Overview, x + Calculate the 2022 Return on Common Stockholder's Equity ratio. 1500 Use whole numbers rounded to 2 decimal places, if needed, as seen in the example below. 7 Example 800 < 1.88 Return on Common Stockholder's Equity Ratio 2022 Click the check mark to check your answers. Fields with incorrect responses will be removed so you can try again. ☆
Expert Solution
Step 1

Retrun on stockholders' equity represents the earnings of the company that is entitled to the stockholders of the company. It is calculated by dividing the net income by common stock.

 

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