return calculations use the following balance sheet for paul bunyan lumber co along 635944
Return Calculations Use the following balance sheet for Paul Bunyan Lumber Co. along with the income statement in the previous question to calculate return on assets and return on equity.
Paul Bunyan Lumber 2008 Balance Sheet |
|
Cash and cash equivalents |
$400 |
Operating assets |
400 |
Property, plant, and equipment |
3,160 |
Other assets |
216 |
Total assets |
$4,176 |
Current liabilities |
$720 |
Long term debt |
612 |
Other liabilities |
60 |
Total liabilities |
$1,392 |
Paid in capital |
$600 |
Retained earnings |
2,184 |
Total shareholder equity |
$2,784 |
Total liabilities and equity |
$4,176 |