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.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
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Please give me answer accounting
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
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.
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