Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 26 Jul 2017 My Price 11.00

Softech Canvas Goods


E 18-24 Profitability ratio

Comparative balance sheets for Softech Canvas Goods for 2011 and 2010 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth.

Comparative Balance sheets ($in 000s)
December 31
2011 2010
Assets:
Cash $ 50 $40
Accounts receivable 100 120
Short-term investment 50 40
Inventory 200 140
Property, plant, and equipment (net) 600 550
$1,000 $890
Liabilities and Shareholder’s Equity:
Current liabilities $240 $210
Bonds payable 160 160
Paid-in Capital 400 400
Retained earnings 200 120
$1,000 $890

Required:
1. Determine the return on shareholders' equity for 2011.
2. What does the ratio measure?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 12:07 PM My Price 11.00

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