The following information pertains to carlton company., Ask an Expert

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The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
Assets
Cash and short-term investments
$ 40,000
Accounts receivable (net)
25,000
Inventory
20,000
Property, plant and equipment
210,000
Total Assets
$295,000
Liabilities and Stockholders' Equity
Current liabilities
60,000
Long-term liabilities
85,000
Stockholders' equity-common
150,000
Total Liabilities and stockholders' equity
$295,000

Income Statement
Sales
$ 85,000
Cost of goods sold
45,000
Gross margin
40,000
Operating expenses
20,000
Net income
$ 20,000

Number of shares of common stock
6,000000
Market price of common stock
$20
Dividends per share
0.90
Cash provided by operations
$30,000

What is the return on common stockholders' equity for this company?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9100666

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