Determine the rate earned on total asset the rate earned on

Assignment Help Accounting Basics

Reference no: EM13598931

The following selected data were taken from the financial statements of the Sigemund Group Inc. for December 31, 2010, 2009, and 2008.
December 31
2010 2009 2008
Total assets $3,000,000 $2,700,000 $2,400,000
Notes payable (10% interest) 1,000,000 1,000,000 1,000,000
Common stock 400,000 400,000 400,000
Preferred $6 stock, $100 par
(no change during year) 200,000 200,000 200,000
Retained Earnings 1,126,000 896,000 600,000

The 2010 net income was $242,000 and the 2009 net income was $308,000. No dividends on common stock were declared between 200 and 2010.
a. Determine the rate earned on total asset, the rate earned on stockholder's equity and the rate earned on common stockholders' equity for the years 2009 and 2010.

Reference no: EM13598931

Questions Cloud

Suppose that the town elects the first option and issues 10 : accounting practices for interest expenditures may neither reflect actual economic cost nor mirror those for interest

Frantic company had 130000 in sales on account last year : frantic company had 130000 in sales on account last year. the beginning accounts receivable balance was 10000 and the

Eral company has 17000 in cash 3000 in marketable : eral company has 17000 in cash 3000 in marketable securities 36000 in current receivables 24000 in inventories and

Granger company had 180000 in sales on account last year : granger company had 180000 in sales on account last year. the beginning accounts receivable balance was 10000 and the

Determine the rate earned on total asset the rate earned on : the following selected data were taken from the financial statements of the sigemund group inc. for december 31 2010

Kile company borrows 63359 on july 1 from the bank by : kile company borrows 63359 on july 1 from the bank by signing a 63359 8 1-year note payable. prepare the journal

On march 1 2011 navy corporation used excess cash to : on march 1 2011 navy corporation used excess cash to purchase u.s. treasury bonds for 103000 plus accrued interest. the

Many businesses borrow money during periods of increased : many businesses borrow money during periods of increased business activity to finance inventory and accounts

Melissa hoadley and kelly quayle borrowed 16000 on a : melissa hoadley and kelly quayle borrowed 16000 on a 7-month 9 note from gopher state bank to open their business mks

User Account

All Pages