Selected Data from the Carmen Company at Year End Are

question 15

Essay

Selected data from the 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; and (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.

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Definitions:

African and European Cultures

The diverse range of cultures, traditions, languages, and histories of the peoples and societies of Africa and Europe.

Bronze Relief Tablets

Artistic works made by casting bronze in a way that creates raised images or scenes on a flat background, commonly used for commemorative or decorative purposes.

Oral Recitations

The practice of verbally conveying information, stories, or poems from memory, often used in cultures with strong oral traditions to preserve history and literature.

Mounted Wall Plaques

Decorative objects, awards, or signs that are affixed to a wall, often commemorating a person, event, or achievement.