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Category > Accounting Posted 19 Aug 2017 My Price 10.00

Robinson Inc

Profitability ratios

The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and  2014:

December 31

 

 

 

2016 2015 2014 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,000 2,250,000 2,250,000 Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) . . . . . . . . . . . . . . . . . . . . . . . . . . . 500,000 500,000 500,000 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,574,000 1,222,000 750,000  

 

 

 

 

The 2016 net income was $372,000, and the 2015 net income was $492,000. No dividends on common stock were declared between 2014 and    2016.

a.     Determine the rate earned on total assets, the rate earned on stockholders’ equity, and the rate earned on common stockholders’ equity for the years 2015 and 2016. Round to one decimal place.

b.                             What conclusions can be drawn from these data as to the company’s profitability?

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 11:08 PM My Price 10.00

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