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Selected Data from Carmen Company at Year-End Are Presented Below

Question 184

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Selected data from Carmen Company at year-end are presented below.​​  Total assets $2,000,000 Average total assets $2,200,000 Net income $250,000 Sales $1,300,000 Average common stockholders’ equity $1,000,000 Net cash provided by operating activities $275,000 Shares of common stock outstanding 10,000 Long-term investments $400,000\begin{array}{lr}\text { Total assets } & \$ 2,000,000 \\\text { Average total assets } & \$ 2,200,000 \\\text { Net income } & \$ 250,000 \\\text { Sales } & \$ 1,300,000 \\\text { Average common stockholders' equity } & \$ 1,000,000 \\\text { Net cash provided by operating activities } & \$ 275,000 \\\text { Shares of common stock outstanding } & 10,000 \\\text { Long-term investments } & \$ 400,000\end{array} Calculate:
(a) Asset turnover ratio
(b) Return on total assets
(c) Return on common stockholders' equity
(d) Earnings per share on common stock.​Assume the company had no preferred stock or interest expense.​Round dollar values to two decimal places and other final answers to one decimal place.

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