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Selected Data from the Carmen Company at Year End Are

Question 92

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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 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\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\end{array} Calculate: a ratio of sales to assets; b rate earned on total assets; c rate earned on common stockholders' equity and d earnings per share on common stock.Assume the company had no preferred stock or interest expense.Round percentage values to one decimal place and dollar values to zero decimal place.

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