Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt Net fixed assets 1,100 1,400 3,600 3,500 Common stock Retained earnings Total assets 1,200 980 1,610 1,720 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales COGS Depreciation Interest Taxes Net income $6,230 $4,720 $440 $75 $350 $645 Number of shares outstanding 100 What is the return on equity in 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04

Use the following information: 2014 2015 Cash 140 210 Accounts payable 320 280 Accounts receivabble 340 380 Notes payable 400 300 Inventory 550 590 Long-term debt Net fixed assets 1,100 1,400 3,600 3,500 Common stock Retained earnings Total assets 1,200 980 1,610 1,720 4,630 4,680 Total liabilities & total equity 4,630 4,680 Year 2015 Sales COGS Depreciation Interest Taxes Net income $6,230 $4,720 $440 $75 $350 $645 Number of shares outstanding 100 What is the return on equity in 2015? a. 0.24 b. 1.33 c. 0.10 d. 3.38 e. 0.04

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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