Dats Tahle Justice Corporation Comparative Balance Sheet December 31, 2017 and 2

Question

Dats Tahle Justice Corporation Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets $ 2,362 $ 1,912 2,040 1,828 1,332 1,123 1,853 6,716 17,739 15,819 $ 25,179 $ 22,535 ,706 7.440 Other Assets Total Assets Liabilities Current Liabilities Long-term Liabilities Total Liabilities $ 7,105 $ 8,283 2,757 11,612 11,040 4,507 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 7,0675,095 6,400 13,567 11,495 $ 25,179 $ 22,535 6,500 Justice Corporation Income Statement Year Ended December 31, 2017 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense $ 29.010 8.596 20,414 7.196 13,218 232 12.986 2,130 $ 10,856

Explanation / Answer

Rate of return on common stockholders' equity = 10856/((13567+11495)/2)= 87% Rate of return on common stockholders' equity can be described as Strong Option D is correct

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.