Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000...
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Balance Sheet Current assets Cash 1,100,000 Acc receivable not given Inventories 1,390,000 Fixed assets 4,160,000 TOTAL ASSETS 7,300,000 Current liabilities Ace payable not given Long-term debt 2,200,000 Common stock 800,000 Retained earnings 3,100,000 TOTAL LIAB and EQUITY 7,300,000 Income Statement Sales 14,600,000 Operating expense 12,410,000 EBIT 2,190,000 Interest expense 242,000 EST 1,948,000 Taxes 779,000 Net income 1,169,000 What is the firm's return on common equity? 19.16% 146.13% 37.71% 16.01% 29.97%
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