Selected Data from the Carmen Company at Year End Are

question 170

Essay

Selected data from the Carmen Company at year end are presented below:
$\begin{array}{ll}\text { Total assets } & \$ 2,000,000 \\\text { Average total assets } & 2,200,000 \\\text { Net income } & 250,000 \\\text { Net sales } & 1,300,000 \\\text { Average common stockholders' equity } & 1,000,000 \\\text { Net cash provided by operating activities } & 275,000 \\\text { Shares of common stock outstancling } & 10,000\end{array}$
Instructions
Calculate the profitability ratios that can be computed from the above information.Assume the company had no preferred stock or interest expense.Round percentage value to one decimal place and dollar value to zero decimal place.

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Definitions:

Default

The failure to fulfill an obligation, especially failing to pay back a loan on time.

Surety

is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.

Default

Failure to fulfill a legal obligation or agreement, such as not making a payment on a loan by the due date.

Obligation

A duty or commitment to fulfill a contractual, legal, or moral requirement.