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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $36,046 Accounts receivable (net) 32,313 Inventory 33,476 Property, plant, and equipment 224,920 Total assets $326,755 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity $58,899 87,611 112,700 67,545 $326,755 Income Statement $87,187 (39,234) $47,953 (29,490) $18,463 Sales Cost of goods sold Gross profit Operating expenses Net income Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations 5,635 $20 $1.00 $40,000 What is the return on stockholders' equity? a. 3.3% b. 10.2% O c. 1.2% d. 6.1%

The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $36,046 Accounts receivable (net) 32,313 Inventory 33,476 Property, plant, and equipment 224,920 Total assets $326,755 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity $58,899 87,611 112,700 67,545 $326,755 Income Statement $87,187 (39,234) $47,953 (29,490) $18,463 Sales Cost of goods sold Gross profit Operating expenses Net income Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations 5,635 $20 $1.00 $40,000 What is the return on stockholders' equity? a. 3.3% b. 10.2% O c. 1.2% d. 6.1%

FINANCIAL ACCOUNTING
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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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $36,046 Accounts receivable (net) 32,313 Inventory 33,476 Property, plant, and equipment 224,920 Total assets $326,755 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity $58,899 87,611 112,700 67,545 $326,755 Income Statement $87,187 (39,234) $47,953 (29,490) $18,463 Sales Cost of goods sold Gross profit Operating expenses Net income Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations 5,635 $20 $1.00 $40,000 What is the return on stockholders' equity? a. 3.3% b. 10.2% O c. 1.2% d. 6.1%
Transcribed Image Text:The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $36,046 Accounts receivable (net) 32,313 Inventory 33,476 Property, plant, and equipment 224,920 Total assets $326,755 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock, $20 par Retained earnings Total liabilities and stockholders' equity $58,899 87,611 112,700 67,545 $326,755 Income Statement $87,187 (39,234) $47,953 (29,490) $18,463 Sales Cost of goods sold Gross profit Operating expenses Net income Shares of common stock Market price per share of common stock Dividends per share Cash provided by operations 5,635 $20 $1.00 $40,000 What is the return on stockholders' equity? a. 3.3% b. 10.2% O c. 1.2% d. 6.1%
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