The return on assets for 2017 is O 10%. O 12%. O 5%. O 11%.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.18P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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The following amounts were taken from the financial statements of Vaughn Manufacturing:
2017
2016
Total assets
$825000 $1019000
Net sales
740000
655000
Gross profit
355000
341000
Net income
101000
132000
Weighted average number
90600
87000
of
common shares
outstanding
Market price of common
$42
$36
stock
Transcribed Image Text:The following amounts were taken from the financial statements of Vaughn Manufacturing: 2017 2016 Total assets $825000 $1019000 Net sales 740000 655000 Gross profit 355000 341000 Net income 101000 132000 Weighted average number 90600 87000 of common shares outstanding Market price of common $42 $36 stock
of
common shares
outstanding
Market price of common
$42
$36
stock
The return on assets for 2017 is
O 10%.
O 12%.
O 5%.
O 11%.
Transcribed Image Text:of common shares outstanding Market price of common $42 $36 stock The return on assets for 2017 is O 10%. O 12%. O 5%. O 11%.
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