Help. Only need number 12) return on total assets. on × nment/takeAssignment Mai

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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

Explanation / Answer

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Ans.(12) Calculation for Return on Total Asset: Return on Total Asset = EBIT / Total Net Assets

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$1,300,000 / $9,780,000 = 0.1329 Hence, Return on total asset is 0.1329 or 13.29%

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