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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.