The total assets of the philbin company on january 1

49.The total assets of the Philbin Company on January 1, 19x9 were$2.3 million and on
December 31, 19x9 were $2.5 million. Net income for 19x9 was $188,000. Dividends for 19x9
totaled $75,000, interest expenses totaled $70,000, and the tax rate
was 30%. The return on total assets for 19x9 was closest to:
a. 9.5%.
b. 6.8%.
c. 9.9%.
d. 10.8%.
50. Selected financial data for Irvington Company appear below:
Account Balances
Beginning of year End of year
Preferred stock ......... $125,000 $125,000
Common stock ............. 300,000 400,000
Retained earnings ......... 75,000 185,000
During the year, the company paid dividends of $10,000 on its preferred stock. The company's
net income for the year was $120,000. The company's return on common stockholders' equity
for the year is closest to:

51.Questons 51, 52, and 53 are different versions of the same queston.
Crasler Company's net income last year was $100,000. The company paid preferred
dividends of $20,000 and its average common stockholders' equity was $580,000. The
company's return on common stockholders' equity for the year was closest to:
52. Questons 51, 52, and 53 are different versions of the same queston.
Crawler Company's net income last year was $80,000. The company paid preferred dividends of
$10,000 and its average common stockholders' equity was $400,000. The company's return on
common stockholders' equity for the year was closest to:
Orange Company
Statement of Financial Positon
December 31, 20X6 and 20X5
(dollars in thousands)
20X6 20X5
Current assets:
Cash and marketable securites ............. $ 130 $ 110
Accounts receivable, net ................... 180 180
Inventory .................................. 160 160
Prepaid expenses ........................... 60 60
Total current assets ..................... 530 510
Noncurrent assets:
Plant & equipment, net ..................... 1,680 1,620
Total assets ................................. $2,210 $2,130
Current liabilites:
Accounts payable ........................... $ 90 $ 100
Accrued liabilites ........................ 60 80
Notes payable, short term .................. 160 180
Total current liabilites ............... 310 360

Noncurrent liabilites:
Bonds payable .............................. 250 300
Total liabilites ........................ 560 660
Stockholders' equity:
Preferred stock, $10 par, 15% ............... 120 120
Common stock, $5 par ....................... 220 220
Additonal paid-in capital--common stock ... 210 210
Retained earnings .......................... 1,100 920
Total stockholders' equity ............... 1,650 1,470
Total liabilites & stockholders' equity ..... $2,210 $2,130
=====================================================================
Orange Company
Income Statement
For the Year Ended December 31, 20X6
(dollars in thousands)
Sales (all on account) ................... $2,830
Cost of goods sold ....................... 1,980
Gross margin ............................. 850
Operatng expenses ....................... 340
Net operatng income ..................... 510
Interest expense ......................... 30
Net income before taxes .................. 480
Income taxes (30%) ....................... 144
Net income ............................... $ 336
=====================================================================
Dividends during 20X6 totaled $156 thousand, of which $18 thousand were preferred
dividends.
The market price of a share of common stock on December 31, 20X6 was $100.
Based on the informaton of Orange Company, answer the queston below :