Number of shares of common stock 6020 market price of

Reference no: EM13607237

The following information pertains to Auburn Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $41,040 Accounts receivable (net) $34,486 Inventory $36,051 Property, plant and equipment $221,653 Total Assets $333,230 Liabilities and Stockholders' Equity Current liabilities $67,051 Long-term liabilities $98,585 Stockholders' equity-common $167,594 Total Liabilities and stockholders' equity $333,230 Income Statement Sales $96,997 Cost of goods sold $43,649 Gross margin $53,348 Operating expenses $27,627 Net income $ 25,721 Number of shares of common stock 6,020 Market price of common stock $27 What is the rate earned on stockholders' equity for this company?

Reference no: EM13607237

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