Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners' EquityCashAccounts receivableInventoryNet fixed assets21,900 24,300 Common stock$ 850 $1,210126 Accounts payable1,370 Short-term notes payable$ 1,080 $97050004,3504,610 Long-term debt11,900 13,5006,000 6,200Retained earningsTotal assets$28,310 $30,406 Total liabilities and owners' equity8,830$28,310 $30,4069,7362016 Income StatementSalesCost of goods soldDepreciationInterestTaxesNet income$30,71018,4706,1327441,824$ 3,540What are the values of the three components of the DuPont identity? Use ending balance sheet values.Multiple Choice

Using the Dupont identity, the return on equity (using only ending balance sheet values) will be…

Net fixed assets Total assets 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income 4,356 21,900 24,300 Common stock Retained earnings $28,310 $30,406 Total liabilities and owners' equity $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. 6,000 6,26 8,830 9,73 $28,310 $30,40

Net fixed assets Total assets 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income 4,356 21,900 24,300 Common stock Retained earnings $28,310 $30,406 Total liabilities and owners' equity $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. 6,000 6,26 8,830 9,73 $28,310 $30,40

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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