Answer Happy

Current Attempt in Progress The following information pertains to Crane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. $ 40000 20000 Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets 15000 250000 $325000 $ 40000 Liabilities and Stockholders Equity Current liabilities Long-term liabilities Stockholders' equity-common 35000 250000 Total Liabilities and Stockholders' Equity $325000
Income Statement Sales (net) $ 150000 Cost of goods sold 60000 Gross profit 90000 Operating expenses 25000 Net income $ 65000 Number of shares of common stock 5000 Market price of common stock $18 Dividends per share 0.40 What is the return on common stockholders' equity for Crane? 26.0% 0 53.8% © 20.0% 12.3%