Refer to the financial statements of Culinary Delights Company.
REQUIRED:
A Calculate Culinary Delights' return on sales ratio for 2016 and 2015. Assume that the income tax rate is 30%. What information is provided with this ratio?
B Calculate the return on common stockholders' equity ratio for 2016 and 2015. Stockholders' equity at December 31, 2014, was $897,431 in thousands. Why is the denominator an average instead of a single amount?

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The Answer of Refer to the financial statements of Culinary Delights Company.
REQUIRED:
A Calculate Culinary Delights' return on sales ratio for 2016 and 2015. Assume that the income tax rate is 30%. What information is provided with this ratio?
B Calculate the return on common stockholders' equity ratio for 2016 and 2015. Stockholders' equity at December 31, 2014, was $897,431 in thousands. Why is the denominator an average instead of a single amount?

Refer to the Financial Statements of Culinary Delights Company