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Product Description
Ventura Company had the following income statements for 20X1 and 20X2 :
Ventura Company generally paid dividends approximately equal to its net income . This resulted in the company ' s stockholders ' equity totaling $ 1,380 at the end of both 20X0 and 20X1 . However , at the end of 20X2 the company ' s total stockholders ' equity was $ 3,000 primarily because of a large issuance of common stock in mid-20X2 .
Requirement 1 . Compute Ventura Company ' s gross margin percentage , the return on sales , and the return on stockholders ' equity for 20X1and 20X2
Requirement 2 . As a stockholder , would you have been pleased about the change in performance between 20X1 and 20X2 ? Explain why or why not .
P17-46 ( similar to )
Padilla is the world ' s largest producer of gas tanks for outdoor power equipment . Its 2011 annual report to stockholders included the following data ( in millions ):
Requirement 1 . Compute the net income percent of average assets
Requirement 2 . Compute the total revenues .