Selected financial information for Carla VistaCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. 2 3. Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 4. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio 2014 Current ratio 2013 $118,640 $90,860 49,560 41,300 141,600 125,080 318,600 354,000 Return on common stockholders' equity % % %
Selected financial information for Carla VistaCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. 2 3. Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 4. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio 2014 Current ratio 2013 $118,640 $90,860 49,560 41,300 141,600 125,080 318,600 354,000 Return on common stockholders' equity % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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