The following information pertains to Kingbird, Inc. Assume that all balance sheet amounts represent both average and en
Posted: Sun Jun 05, 2022 8:24 pm
The following information pertains to Kingbird, Inc. Assume
that all balance sheet amounts represent both average and ending
balance figures. Assume that all sales were on credit.
Assets
Cash and short-term investments
Accounts receivable (net)
Inventory
Property, plant and equipment
Total Assets
Liabilities and Stockholders’ Equity
Current liabilities
Long-term liabilities
Stockholders’ equity—common
Total Liabilities and Stockholders’ Equity
Income Statement
Sales revenue
Cost of goods sold
Gross profit
Operating expenses
Net income
Number of shares of common stock
Market price of common stock
Dividends per share on common stock
Cash provided by operations
What is the return on assets for this company?
that all balance sheet amounts represent both average and ending
balance figures. Assume that all sales were on credit.
Assets
Cash and short-term investments
Accounts receivable (net)
Inventory
Property, plant and equipment
Total Assets
Liabilities and Stockholders’ Equity
Current liabilities
Long-term liabilities
Stockholders’ equity—common
Total Liabilities and Stockholders’ Equity
Income Statement
Sales revenue
Cost of goods sold
Gross profit
Operating expenses
Net income
Number of shares of common stock
Market price of common stock
Dividends per share on common stock
Cash provided by operations
What is the return on assets for this company?