Homework SourseHelp Only need number 12 return on total assets on nmenttak
Help. Only need number 12) return on total assets.
on × nment/takeAssignment Main.do?invoker= assignments&takeAssignmentSessionLocator-assic; Chapter 17 HWK eBook Calculator The comparative financial 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 1 $5,375,000 900,000 6,275,000 $4,545,000 925,000 $5,470,000 Total 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 Solution
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| Ans.(12) | Calculation for Return on Total Asset: | ||
| Return on Total Asset = | EBIT / Total Net Assets | ||
| = | $1,300,000 / $9,780,000 | ||
| = | 0.1329 | ||
| Hence, Return on total asset is 0.1329 or 13.29% |
