Given Below Are Comparative Balance Sheets and an Income Statement

question 91

Essay

Given below are comparative balance sheets and an income statement for the Copper Corporation:

All sales were made on account. Cash dividends declared during the year totaled $29,300. Compute the following:
a. Average accounts receivable turnover times
b. Book value per share at the end of the current year $______________
c. Earnings per share of capital stock $______________
d. Return on assets %
e. Return on common stockholders' equity is computed by dividing $____________ by $______________

---

Definitions:

Phantom Tickets

Tickets for events that are sold but do not actually exist or are not intended to be honored, often associated with scams or fraud.

Consumer Surplus

The variance between the total price consumers intend to pay for a service or good and what they really pay.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.

Willingness to Pay

The maximum amount a consumer is ready to spend on a good or service.