Shares outstanding of common stock = 1,000,000
Shares outstanding of preferred stock = 500,000
Market price of common stock = $18.
-Return on Assets ratio is:
A) 3.22%
B) 13.7%
C) 16.2%
D) 0.162%

Name: Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. -Return on Assets ratio is: A) 3.22% B) 13.7% C) 16.2% D) 0.162%
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Question

Shares outstanding of common stock = 1,000,000 
Shares outstanding of preferred stock = 500,000 
Market price of common stock = $18.
-Return on Assets ratio is:
A) 3.22% 
B) 13.7% 
C) 16.2% 
D) 0.162%

Quizplus · Accepted Answer

Return on Assets ratio = Net Income / Average Total Assets = 100,000 / 3,105,000 = 3.22%

Shares Outstanding of Common Stock = 1,000,000