What is the return on total assets for Diane Company? a.6.3% b.1.4% c.3.4% d.9.8%
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The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.
| Assets | |
| Cash and short-term investments | $39,930 |
| Accounts receivable (net) | 26,035 |
| Inventory | 25,780 |
| Property, plant, and equipment | 296,952 |
| Total Assets | $388,697 |
| Liabilities and |
|
| Current liabilities | $60,554 |
| Long-term liabilities | 98,485 |
| Common stock | 162,488 |
| 67,170 | |
| Total liabilities and stockholders' equity | $388,697 |
| Income Statement | |
| Sales | $89,668 |
| Cost of goods sold | 35,867 |
| Gross margin | $53,801 |
| Operating expenses | (29,364) |
| Interest expense | (4,483) |
| Net income | $19,954 |
| Number of shares of common stock outstanding | 6,717 |
| Market price of common stock | $29 |
| Total dividends paid | $9,000 |
| Cash provided by operations | $30,000 |
What is the return on total assets for Diane Company?
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- The following information pertains to Cachet Company. Assume that allBalance sheet amounts represent both average and ending balance figures.Assume that all sales were on credit.AssetsCash and short-term investments P 40,000Accounts receivable (net) 30,000Inventory 25,000Property, plant and equipment 215,000Total Assets P310, 000Liabilities and Stockholders’ EquityCurrent liabilities P 60,000Long-term liabilities 95,000Stockholders’ equity—common 55,000Total Liabilities and Stockholders’ Equity P310, 000Income StatementSales P 90,000Cost of goods sold 45,000Gross margin 45,000Operating expenses 20,000Net income P 25,000Number of shares of common stock 6,000Market price of common stock P20Dividends per share P1.00What is the price-earnings ratio for this company?A. 6 timesB. 4.2 timesC. 8 times D. 4.8 times Can you please give me a coherent solution for this?The following information pertains to Diana Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $36,084 Accounts receivable (net) 26,488 Inventory 39,031 Property, plant, and equipment 284,840 Total Assets $386,443 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $64,429 Long-term liabilities 91,237 Common stock 175,317 Retained earnings 55,460 Total liabilities and stockholders' equity $386,443 Income Statement Line Item Description Amount Sales $88,296 Cost of goods sold 35,318 Gross margin $52,978 Operating expenses (20,439) Interest expense (4,415) Net income $28,124 Line Item Description Amount Number of shares of common stock outstanding 5,546 Market price of common stock $29 Total dividends paid $9,000 Cash provided by operations…Accounting Question
- The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. AssetsCash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders' EquityCurrent liabilities $ 45,000Long-term liabilities 70,000Stockholders' equity—Common 135,000Total liabilities and stockholders' equity $250,000 Income StatementSales $85,000Cost of goods sold 45,000Gross margin $40,000Operating expenses (15,000)Interest expenses (5,000)Net income $20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 Using the data provided for Diane Company, what is the price-earnings ratio?a.8.0 timesb.2.5 timesc.6.0 timesd.4.0 timesBrock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $38,295 Accounts receivable (net) 31,903 Inventory 28,357 Property, plant, and equipment 286,566 Total assets $385,121 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $60,915 Long-term liabilities 88,993 Common stock, $10 par 69,670 Retained earnings 165,543 Total liabilities and stockholders’ equity $385,121 Income Statement Line Item Description Amount Sales $91,601 Cost of goods sold (41,220) Gross profit $50,381 Operating expenses (28,458) Net income $21,923 Number of shares of common stock 6,967 Market price of common stock $33 What is the current ratio? Round your answer to two decimal places.The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. AssetsCash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders' EquityCurrent liabilities $ 45,000Long-term liabilities 70,000Stockholders' equity—Common 135,000Total liabilities and stockholders' equity $250,000 Income StatementSales $85,000Cost of goods sold 45,000Gross margin $40,000Operating expenses (15,000)Interest expenses (5,000)Net income $20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 Using the data provided for Diane Company, what is the return on common stockholders' equity?a.6.75%b.14.8%c.13.5%d.7.4%
- The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $40,936 Accounts receivable (net) 32,902 Inventory 36,625 Property, plant, and equipment 280,196 Total assets $390,659 Liabilities and Stockholders' Equity Current liabilities $69,773 Long-term liabilities 90,745 Stockholders' equity—Common 230,141 Total liabilities and stockholders' equity $390,659 Income Statement Net Sales $98,683 Cost of goods sold (39,473) Gross margin 59,210 Operating expenses (29,056) Interest expense (4,934) Net income $25,220 Number of shares of common stock outstanding 5,105 Market price of common stock $32 Total dividends paid $9,000 Cash provided by operations $40,936 Using the data provided for…The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.AssetsCash and short-term investments $ 40,000Accounts receivable (net) 30,000Inventory 25,000Property, plant and equipment 215,000 Total Assets $310,000Liabilities and Stockholders' EquityCurrent liabilities $ 60,000Long-term liabilities 95,000Stockholders' equity-common 155,000 Total Liabilities and stockholders' equity $310,000 Income Statement Sales $ 90,000Cost of goods sold 45,000Gross margin…The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $35,940 Accounts receivable (net) 27,501 Inventory 32,905 Property, plant, and equipment 244,703 Total assets $341,049 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $66,328 Long-term liabilities 99,677 Common stock, $20 par 101,260 Retained earnings 73,784 Total liabilities and stockholders' equity $341,049 Income Statement Line Item Description Amount Sales $88,038 Cost of goods sold (39,617) Gross profit $48,421 Operating expenses (29,760) Net income $18,661 Line Item Description Amount Shares of common stock 5,063 Market price per share of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the…
- We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities. Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 229,000 873,000 773,000 a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: ta ta ta 1.45 times 2.80 times $ $ 50 % 8 timesThe following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the questions that follow. Assets Cash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders’ Equity Current liabilities $ 45,000Long-term liabilities 70,000Stockholders’ equity—Common 135,000Total liabilities and stockholders’ equity $250,000 Income Statement Sales $ 85,000 Cost of goods sold 45,000 Gross margin $ 40,000 Operating expenses (15,000)Interest expense (5,000)Net income $ 20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 What would be Asset turnover, turn on total assets, the dividen yield, return on common stockholders equity and the price-earning per…
