Comparative financial statements for Weller Corporation, a
merchandising company, for the year ending December 31 appear
below. The company did not issue any new common stock during the
year. A total of 910,000 shares of common stock were outstanding.
The interest rate on the bond payable was 12%, the income tax rate
was 40%, and the dividend per share of common stock was $0.75 last
year and $0.40 this year. The market value of the company’s common
stock at the end of this year was $24. All of the company’s sales
are on account.
Required:
Compute the following financial data for this year:
1. Gross margin percentage. (Round your percentage
answer to 1 decimal place (i.e., 0.1234 should be entered as
12.3).)
2. Net profit margin percentage. (Round your
percentage answer to 1 decimal place (i.e., 0.1234 should be
entered as 12.3).)
3. Return on total assets. (Round your percentage
answer to 1 decimal place (i.e., 0.1234 should be entered as
12.3).)
4. Return on equity. (Round your percentage answer
to 2 decimal places (i.e., 0.1234 should be entered as
12.34).)
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am