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 $______________

Question

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 $______________

Quizplus · Accepted Answer

The Answer of 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 $______________

Given Below Are Comparative Balance Sheets and an Income Statement