116 the following information pertains to carlton

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116. The following information pertains to Carlton Company. Assume that all balancesheet amounts represent both average and ending balance figures. Assume that allsales were on credit.AssetsCash and short-terminvestments$ 40,000Accounts receivable(net)25,000
Inventory20,000Property, plant andequipment210,000Total assets$295,000Liabilities and Stockholders’ EquityCurrent liabilities60,000Long-term liabilities85,000Stockholders’ equity-common150,000Total liabilities andstockholders’ equity$295,000Income StatementNet sales$ 85,000Cost of goods sold45,000Gross margin40,000Operating expenses15,000Interest expense5,000Net income$ 20,000Number of shares of commonstock6,000000Market price of common stock$20Total dividends paid$5,400Cash provided by operations$30,000What is the ratio of net sales to total assets for this company? Round your answer to two decimal points.A.1.00B.1.89C.0.36D.0.29117. The following information pertains to Carlton Company. Assume that all balancesheet amounts represent both average and ending balance figures. Assume that allsales were on credit.AssetsCash and short-terminvestments$ 40,000Accounts receivable(net)25,000Inventory20,000Property, plant andequipment210,000Total assets$295,000Liabilities and Stockholders’ EquityCurrent liabilities60,000Long-term liabilities85,000Stockholders’ equity-common150,000Total liabilities andstockholders’ equity$295,000Income StatementNet sales$ 85,000Cost of goods sold45,000Gross margin40,000Operating expenses15,000
Interest expense5,000Net income$ 20,000Number of shares of commonstock6,000000Market price of common stock$20Total dividends paid$5,400Cash provided by operations$30,000What is the rate earned on total assets for this company? Round your answer to one decimal point.A.8.5%B.6.8%C.10.3%D.13.3%118. The following information pertains to Carlton Company. Assume that all balancesheet amounts represent both average and ending balance figures. Assume that allsales were on credit.AssetsCash and short-terminvestments$ 40,000Accounts receivable(net)25,000Inventory20,000Property, plant andequipment210,000Total assets$295,000Liabilities and Stockholders’ EquityCurrent liabilities60,000Long-term liabilities85,000Stockholders’ equity-common150,000Total liabilities andstockholders’ equity$295,000Income StatementNet sales$ 85,000Cost of goods sold45,000Gross margin40,000Operating expenses15,000Interest expense5,000Net income$ 20,000Number of shares of commonstock6,000000Market price of common stock$20Total dividends paid$5,400Cash provided by operations$30,000What are the dividends per common share for this company?A.$20.00B.$3.33C.$1.11D.$0.90119. The following information pertains to Carlton Company. Assume that all balancesheet amounts represent both average and ending balance figures. Assume that allsales were on credit.
AssetsCash and short-terminvestments$ 40,000Accounts receivable(net)25,000Inventory20,000Property, plant andequipment210,000Total assets$295,000Liabilities and Stockholders’ EquityCurrent liabilities60,000Long-term liabilities85,000Stockholders’ equity-common150,000Total liabilities andstockholders’ equity$295,000Income StatementNet sales$ 85,000Cost of goods sold45,000Gross margin40,000Operating expenses15,000Interest expense5,000Net income$ 20,000Number of shares of common

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Term
Spring
Professor
N/A
Tags
Accounting, Balance Sheet, The Land, Generally Accepted Accounting Principles

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