Question
1-Presented below are data for Blossom Company 2020 2021 Assets, January 1 $8856 $9716 Liabilities, January...
1-Presented below are data for Blossom Company
| 2020 | 2021 | |||||
| Assets, January 1 | $8856 | $9716 | ||||
| Liabilities, January 1 | 4857 | ? | ||||
| Stockholders' Equity, Jan. 1 | ? | ? | ||||
| Dividends | 1613 | 1221 | ||||
| Common Stock | 1455 | 1288 | ||||
| Stockholders' Equity, Dec. 31 | ? | ? | ||||
| Net Income | 1911 | 1291 | ||||
Stockholders' Equity at January 1, 2021 is
| $5752. |
| $3999. |
| $5910. |
| $4297. |
2=Cullumber Company gives you the following information
pertaining to the year 2020.
| Net sales | $847000 | ||
| Cost of goods sold | 490000 | ||
| Current assets | 498000 | ||
| Current liabilities | 236000 | ||
| Average total assets | 1118000 | ||
| Total liabilities | 557000 | ||
| Net income | 145340 |
The rate of return on assets Cullumber Company is:
| 75.76%. |
| 17.16%. |
| 28.71%. |
| 13.00% |
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