10. YOU Company has 40,000 shares of common stock outstanding that it originally issued for P30 per share. The following data pertains to these shares for the most recent year: Book value, December 31 – P60 per share3; Market value, January 1- P75 per share; Market value, December 31 - P80 per share. common stock was P360,000. The dividend yield ratio for the year was: A. 11.25% The total dividend on В. 12.00% C. 15.00% D. 30.00% 11. As a short-term creditor concerned with a company's ability to meet its financial obligation to you, which one of the following combinations of ratios would you most likely prefer? Current ratio TIE Debt Ratio A. 0.5 0.5 0.33 В. 1.0 1.0 0.50 С. 1.5 1.5 0.50 D. 2.0 1.0 0.67 25 0 71
10. YOU Company has 40,000 shares of common stock outstanding that it originally issued for P30 per share. The following data pertains to these shares for the most recent year: Book value, December 31 – P60 per share3; Market value, January 1- P75 per share; Market value, December 31 - P80 per share. common stock was P360,000. The dividend yield ratio for the year was: A. 11.25% The total dividend on В. 12.00% C. 15.00% D. 30.00% 11. As a short-term creditor concerned with a company's ability to meet its financial obligation to you, which one of the following combinations of ratios would you most likely prefer? Current ratio TIE Debt Ratio A. 0.5 0.5 0.33 В. 1.0 1.0 0.50 С. 1.5 1.5 0.50 D. 2.0 1.0 0.67 25 0 71
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please answer 10-11 only and show solutions. Thank you!
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education