Describe the shares of common stock outstanding


Selected data from the Carmen Company at year end are presented below:

  • Total assets 2,000,000
  • Average total assets 2,200,000
  • Net Income 250,000
  • Net Sales 1,300,000
  • Average common stockholders equity 1,000,000
  • Net Cash provided by operating activities 275000
  • Shares of common stock outstanding 10,000

Required:Calculate the profitability ratios that can be computed from the above information. If required, round your answers to one decimal place.

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Accounting Basics: Describe the shares of common stock outstanding
Reference No:- TGS0687403

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