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Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,050 Cost of goods sold 475 Operating expenses 395 Net income 300 Balance sheet data: Average total equity 1,500 Average total assets 3,100 Supreme reported earnings per share for the year of $5 and paid cash dividends of $2 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $79 per share.

Supreme's gross profit rate was:

What was Supreme's operating income? (in millions):

Supreme's return on assets was:

Supreme's return on equity was:

Supreme's price-earnings ratio at year end was:

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91968026

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