Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data) .
Per share data (these amounts stated in actual dollars, not millions) :
Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year end, the Wall Street Journal listed Supreme's shares as trading at $88 per share.
-Refer to the above data. Supreme's return on assets was:
A) 10%.
B) 6.75%.
C) 15%.
D) Some other percentage.
Correct Answer:
Verified
Q114: Given below are comparative balance sheets
Q115: Accounting terminology
Listed below are eight technical
Q116: Given below are comparative balance sheets
Q117: Shown below are selected data
Q119: Shown below are selected data
Q120: In an attempt to standardize financial practices
Q121: Financial ratios
Given below are comparative balance
Q122: Effects of transactions upon analytical measurements
Determine the
Q123: An organization that provides ratings of corporate
Q124: Improving the current ratio
Carter Corporation financed construction
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents