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ssignment/takeAssignment Main.do?invoker assignments&takeAssignmentSessionLocator-assignment-take;&inprogress; ft eBook Calculator Measures of liquidity, Solvency and Profitability The comparative finandial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January Net income Total Dividends $5,375,000 900,000 $6,275,000 $4,545,000 925,000 $5,470,000 Preferred stock dividends Common stock dividends Total dividends $45,000 50,000 95,000 $6,180,000 $45,000 50,000 95,000 $5,375,000 Retained earnings, December 31 Stargel Inc Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Chack My Work F8 F11 F12 INS DEL SPACE Y U 0

Solution

Return on Assets= EBIT/ Average total assets

=1300000/((9780000+8755000)/2)

=14.0%

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