- The Following Selected Data Were Taken From The Financial Statements Of The O Malley Group Inc For December 31 20y5 2 1 (242.17 KiB) Viewed 50 times
The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5, 20Y4, and 20Y3: December 31 20Y5 20Y4 20Y3 Total assets $248,000 $223,000 $198,000 Notes payable (10% interest) 80,000 80,000 80,000 Common stock 32,000 32,000 32,000 Preferred $5 stock, $100 par 16,000 16,000 16,000 Retained earnings 90,000 72,000 48,000 Net income 32,035 27,785 22,228 No dividends on common stock were declared between 20Y3 and 20Y5. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y4 and 20Y5. Round your percentage answers to one decimal place. 20Y5 20Y4 Return on total assets. % Retur on stockhold equity % Return on common stockholders' equity % b. What conclusions can be drawn from these data as to the
company's profitability? % % %