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 Net income Average total assets Current assets Working capital 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 9,030 7,300 3,720 1,890 1,360 4,270 3,380 1,790 520 430 Common shares: Number of shares outstanding (000) Average market price 3,000 3,000 3,000 3,000 3,000 $9 $6 $4 Compute the return on assets.

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 Net income Average total assets Current assets Working capital 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 9,030 7,300 3,720 1,890 1,360 4,270 3,380 1,790 520 430 Common shares: Number of shares outstanding (000) Average market price 3,000 3,000 3,000 3,000 3,000 $9 $6 $4 Compute the return on assets.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 63P: Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture...

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