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The following information pertains to Wamser Company. Compute the return on common stock equity. Cash Accounts receivable Inventory Plant assets (net) Total assets Accounts payable $22,500 $126,000 $75,000 $385,000 $608,500 $75,500 Accrued taxes and expenses payable $24,500 Long-term debt $48,500 Common stock ($10 par) $160,000 Paid-in capital in excess of par $88,500 Retained earnings $211,500 Total equities $608,500 Net sales (all on credit) $800,000 Cost of goods sold Net income $600,000 $81,000

The following information pertains to Wamser Company. Compute the return on common stock equity. Cash Accounts receivable Inventory Plant assets (net) Total assets Accounts payable $22,500 $126,000 $75,000 $385,000 $608,500 $75,500 Accrued taxes and expenses payable $24,500 Long-term debt $48,500 Common stock ($10 par) $160,000 Paid-in capital in excess of par $88,500 Retained earnings $211,500 Total equities $608,500 Net sales (all on credit) $800,000 Cost of goods sold Net income $600,000 $81,000

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 38CE: Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation:...
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The following information pertains to Wamser Company. Compute the return on common stock equity. Cash Accounts receivable Inventory Plant assets (net) Total assets Accounts payable $22,500 $126,000 $75,000 $385,000 $608,500 $75,500 Accrued taxes and expenses payable $24,500 Long-term debt $48,500 Common stock ($10 par) $160,000 Paid-in capital in excess of par $88,500 Retained earnings $211,500 Total equities $608,500 Net sales (all on credit) $800,000 Cost of goods sold Net income $600,000 $81,000
Transcribed Image Text:The following information pertains to Wamser Company. Compute the return on common stock equity. Cash Accounts receivable Inventory Plant assets (net) Total assets Accounts payable $22,500 $126,000 $75,000 $385,000 $608,500 $75,500 Accrued taxes and expenses payable $24,500 Long-term debt $48,500 Common stock ($10 par) $160,000 Paid-in capital in excess of par $88,500 Retained earnings $211,500 Total equities $608,500 Net sales (all on credit) $800,000 Cost of goods sold Net income $600,000 $81,000
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