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 |