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Using year-end amounts for assets and shareholders' equity, calculate the following ratios for Cullumber: (Round answers to 1 decimal place, e.g. 15.2%.) i. Return on assets, using net income in the calculation Return on assets ii. Dividend payout ratio Dividend payout ratio iii. Return on common shareholders' equity Return on common shareholders' equity % % %

Using year-end amounts for assets and shareholders' equity, calculate the following ratios for Cullumber: (Round answers to 1 decimal place, e.g. 15.2%.) i. Return on assets, using net income in the calculation Return on assets ii. Dividend payout ratio Dividend payout ratio iii. Return on common shareholders' equity Return on common shareholders' equity % % %

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Cullumber Corporation's statement of financial position at December 31, 2024, appears as follows: Cash Other current assets. Capital assets (net) Total Current liabilities Long-term debt Preferred shares Share capital-common shares Retained earnings Total $63,000 1,107,000 7,140,000 $8,310,000 $545,000 1,410,000 710,000 2,130,000 3,515,000 $8,310,000 For the year just ended, Cullumber reported net income of $498,600. During the year, the company declared preferred dividends of $52,645 and common dividends of $266,459.
Transcribed Image Text:Cullumber Corporation's statement of financial position at December 31, 2024, appears as follows: Cash Other current assets. Capital assets (net) Total Current liabilities Long-term debt Preferred shares Share capital-common shares Retained earnings Total $63,000 1,107,000 7,140,000 $8,310,000 $545,000 1,410,000 710,000 2,130,000 3,515,000 $8,310,000 For the year just ended, Cullumber reported net income of $498,600. During the year, the company declared preferred dividends of $52,645 and common dividends of $266,459.
(a) Using year-end amounts for assets and shareholders' equity, calculate the following ratios for Cullumber: (Round answers to 1 decimal place, e.g. 15.2%.) i. ii. Return on assets, using net income in the calculation Return on assets Dividend payout ratio Dividend payout ratio iii. Return on common shareholders' equity Return on common shareholders' equity % % %
Transcribed Image Text:(a) Using year-end amounts for assets and shareholders' equity, calculate the following ratios for Cullumber: (Round answers to 1 decimal place, e.g. 15.2%.) i. ii. Return on assets, using net income in the calculation Return on assets Dividend payout ratio Dividend payout ratio iii. Return on common shareholders' equity Return on common shareholders' equity % % %
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