In: Finance
Category |
Prior year |
Current year |
Accounts payable |
41,400 |
45,000 |
Accounts receivable |
115,200 |
122,400 |
Accruals |
16,200 |
13,500 |
Additional paid in capital |
200,000 |
216,660 |
Cash |
??? |
??? |
Common Stock @ par value |
37,600 |
42,000 |
COGS |
131,400 |
176,651.00 |
Depreciation expense |
21,600 |
22,905.00 |
Interest expense |
16,200 |
16,777.00 |
Inventories |
111,600 |
115,200 |
Long-term debt |
135,000 |
139,956.00 |
Net fixed assets |
376,537.00 |
399,600 |
Notes payable |
59,400 |
64,800 |
Operating expenses (excl. depr.) |
50,400 |
61,114.00 |
Retained earnings |
122,400 |
136,800 |
Sales |
255,600 |
339,799.00 |
Taxes |
9,900 |
18,518.00 |
What is the current year's return on assets (ROA)?
Submit
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Income Statement | ||
Category | Prior year | Current year |
Sales | 255,600 | 339,799 |
COGS | 131,400 | 176,651 |
Gross Profit | 124,200 | 163,148 |
Operating expenses (excl. depr.) | 50,400 | 61,114 |
Depreciation expense | 21,600 | 22,905 |
Earnings before interest and taxes | 52,200 | 79,129 |
Interest expense | 16,200 | 16,777 |
Earnings before taxes | 36,000 | 62,352 |
Taxes | 9,900 | 18,518 |
Net income | 26,100 | 43,834 |
Balance Sheet | ||
Category | Prior year | Current year |
Assets | ||
Cash | 8,663 | 21,516 |
Accounts receivable | 115,200 | 122,400 |
Inventories | 111,600 | 115,200 |
Current Assets | 235,463 | 259,116 |
Net fixed assets | 376,537 | 399,600 |
Total Assets | 612,000 | 658,716 |
Liabilities and Shareholders' Equity | ||
Accounts payable | 41,400 | 45,000 |
Accruals | 16,200 | 13,500 |
Notes payable | 59,400 | 64,800 |
Current liabilities | 117,000 | 123,300 |
Long-term debt | 135,000 | 139,956 |
Total liabilities | 252,000 | 263,256 |
Common Stock @ par value | 37,600 | 42,000 |
Additional paid in capital | 200,000 | 216,660 |
Retained earnings | 122,400 | 136,800 |
Total shareholders' Equity | 360,000 | 395,460 |
Total liabilities and Shareholders' Equity | 612,000 | 658,716 |
Cash = Total liabilities and Shareholders' Equity - Net Fixed assets - Accounts receivable -Inventories | ||
Return on Assets = Net income / Average total Assets | ||
= $43,834/((612,000+658,716)/2) | ||
= 0.0690 or 6.90% |