Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Matheny Inc. operations. ($000 omitted) Sales revenue 2015 2014 2013 2012 2011 20,600 18,090 15,520 6,040 4,280 2,860 1,530 900 760 310 23,900 19,450 12,170 4,810 3,950 Net income Average total assets Current assets Working capital Common shares: 9,030 4,270 3,380 1,790 7,300 3,720 1,890 1,360 520 430 Number of shares outstanding (000) 3,000 3,000 Average market price $9 $6 3,000 $4 3,000 3,000 Compute the profit margin on sales for each year.
Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through the retention of earnings. A stock or a cash dividend has never been declared. Presented below is a brief financial summary of Matheny Inc. operations. ($000 omitted) Sales revenue 2015 2014 2013 2012 2011 20,600 18,090 15,520 6,040 4,280 2,860 1,530 900 760 310 23,900 19,450 12,170 4,810 3,950 Net income Average total assets Current assets Working capital Common shares: 9,030 4,270 3,380 1,790 7,300 3,720 1,890 1,360 520 430 Number of shares outstanding (000) 3,000 3,000 Average market price $9 $6 3,000 $4 3,000 3,000 Compute the profit margin on sales for each year.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly
after the end of the year to decide on a dividend policy. In the past, growth has
been financed primarily through the retention of earnings. A stock or a cash
dividend has never been declared. Presented below is a brief financial summary
of Matheny Inc. operations.
($000 omitted)
Sales revenue
2015 2014 2013 2012 2011
20,600 18,090 15,520 6,040 4,280
2,860 1,530 900
760 310
23,900 19,450 12,170 4,810 3,950
Net income
Average total assets
Current assets
Working capital
Common shares:
9,030
4,270
3,380 1,790
7,300 3,720 1,890 1,360
520 430
Number of shares outstanding (000) 3,000
3,000
Average market price
$9
$6
3,000
$4
3,000 3,000
Compute the profit margin on sales for each year.
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