Selected Data from Carmen Company at Year-End Are Presented Below

question 184

Essay

Selected data from Carmen Company at year-end are presented below.​​ $\begin{array}{lr}\text { Total assets } & \$ 2,000,000 \\\text { Average total assets } & \$ 2,200,000 \\\text { Net income } & \$ 250,000 \\\text { Sales } & \$ 1,300,000 \\\text { Average common stockholders' equity } & \$ 1,000,000 \\\text { Net cash provided by operating activities } & \$ 275,000 \\\text { Shares of common stock outstanding } & 10,000 \\\text { Long-term investments } & \$ 400,000\end{array}$ Calculate:
(a) Asset turnover ratio
(b) Return on total assets
(c) Return on common stockholders' equity
(d) Earnings per share on common stock.​Assume the company had no preferred stock or interest expense.​Round dollar values to two decimal places and other final answers to one decimal place.

---

Definitions:

Opinion Leader

Individuals who, due to their position, knowledge, or personality, have the ability to influence others' attitudes or behaviors in a community or social group.

Position, Expertise

The status or role one holds due to their specialized knowledge or professional skill in a particular area or field.

Political Socialization

The process by which people acquire their political beliefs, values, and identities, often influenced by family, education, and social environments.

Political Beliefs

The individual or collective convictions and opinions about political ideologies, policies, and the proper function and roles of government.