This paper circulates around the core theme of financial statements of Leaf Company together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The
following amounts were taken from the financial statements of Leaf Company:
2014
2013
Total assets $800,000 $880,000
Net sales 720,000 650,000
Gross profit 352,000 320,000
Net income 126,000 117,000
Weighted average number of common shares outstanding 90,000 90,000
Market price of common stock $35 $39
The return on assets ratio for 2014 is
a. 15.8%.
b. 15%.
c. 14.3%.
d. 14.5%.
133. The following amounts were taken from the
financial statements of Leaf Company:
2014
2013
Total assets $900,000 $1,000,000
Net sales 840,000 650,000
Gross profit 352,000 320,000
Net income 138,600 117,000
Weighted average number of common shares outstanding 90,000 90,000
Market price of common stock $35 $39
The profit margin ratio for 2014 is
a. 15.4%.
b. 44.9%.
c. 16.5%.
d. 10.7%.
134. The following amounts were taken from the financial statements
of Leaf Company:
2014
2013
Total assets $800,000 $1,000,000
Net sales 720,000 650,000
Gross profit 352,000 320,000
Net income 150,000 117,000
Weighted average number of common shares outstanding 50,000 90,000
Market price of common stock $64.50 $39
MC 134. (Cont.)
The price-earnings ratio for 2014 is
a. 21.5
times.
b. 36
times.
c. 4.5
times.
d. 3.0
times.
