Ratios
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80. Crasler Company's net income last year was $100,000. The company paid preferred dividends of $20,000 and its average common stockholders' equity was $580,000. The company's return on common stockholders' equity for the year was closest to:
A) 13.8%. C) 20.7%.
B) 3.4%. D) 17.2%.
83. Grave Company had $150,000 in sales on account last year. The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $10,000. The company's average collection period (age of receivables) was closest to:
A) 24.33 days. C) 34.07 days.
B) 58.40 days. D) 29.20 days.
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Solution Summary
The solution explains the calculation of return on equity and average collection period.
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1. The return on equity is calculated as the amount left for the equityholders divided by the total equity value. The ...
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