Business, 14.02.2020 04:51 lekylawhite16

Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the per share data.) Income statement data: Net sales $ 3,500 Cost of goods sold $ 1,890 Operating expenses $ 675 Net income $ 115 Balance sheet data: Average total equity $ 540 Average total assets $ 4,400 Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal listed Noble's capital stock as trading at $81 per share. Noble's return on equity was: Select one: a. 10%. b. 13%. c. 21%. d. 1. 73.

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Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are...

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