The condensed financial statements of John Cully Company, for the years ended June 30, 2017 and 2016, are presented below. Compute the following ratios for 2017 and 2016. Return on assets. (Assets on 6/30/15 were $3,349.9.) Return on common stockholders’ equity. (Stockholders’ equity on 6/30/15 was $1,795.9.) Debt to assets ratio. Times interest earned.
The condensed financial statements of John Cully Company, for the years ended June 30, 2017 and 2016, are presented below. Compute the following ratios for 2017 and 2016. Return on assets. (Assets on 6/30/15 were $3,349.9.) Return on common stockholders’ equity. (Stockholders’ equity on 6/30/15 was $1,795.9.) Debt to assets ratio. Times interest earned.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The condensed financial statements of John Cully Company, for the years ended June 30, 2017 and 2016, are presented below.
Compute the following ratios for 2017 and 2016.
- Return on assets. (Assets on 6/30/15 were $3,349.9.)
- Return on common
stockholders’ equity . (Stockholders’ equity on 6/30/15 was $1,795.9.) - Debt to assets ratio.
- Times interest earned.
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