Balance sheet and income statement data indicate the following: Line Item Description Amount Bonds payable, 10% (due in 2 years) $991,000 Preferred 5% stock, $100 par (no change during year) 219,000 Common stock, $50 par (no change during year) 2,181,700 Income before income tax expense 309,103 Income tax expense 73,268 Common dividends paid 109,085 Preferred dividends paid 10,950 Based on the data presented, what is the times interest earned ratio?

Balance sheet and income statement data indicate the following: Line Item Description Amount Bonds payable, 10% (due in 2 years) $991,000 Preferred 5% stock, $100 par (no change during year) 219,000 Common stock, $50 par (no change during year) 2,181,700 Income before income tax expense 309,103 Income tax expense 73,268 Common dividends paid 109,085 Preferred dividends paid 10,950 Based on the data presented, what is the times interest earned ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Line Item Description	Amount
Bonds payable, 10% (due in 2 years)	$991,000
Preferred 5% stock, $100 par (no change during year)	219,000
Common stock, $50 par (no change during year)	2,181,700
Income before income tax expense	309,103
Income tax expense	73,268
Common dividends paid	109,085
Preferred dividends paid	10,950

Similar questions

Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
A7 please help.....
Balance sheet and income statement data indicate the following: Bonds payable, 6% (due in 15 years) Preferred 8% stock, $100 par (no change during the year) Common stock, $50 par (no change during the year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid $1,369,148 a. 5.06 b. 4.06 c. 1.85 d. 2.85 200,000 1,000,000 333,924 100,177 60,000 16,000 Based on the data presented, what is the times interest earned ratio (round to two decimal places)?
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Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $928,000 Preferred 5% stock, $100 par (no change during year) 285,500 Common stock, $50 par (no change during year) 1,703,800 Income before income tax for year 344,012 Income tax for year 73,804 Common dividends paid 85,190 Preferred dividends paid 14,275 Interest expense 92,800 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places.
What is the time interest earned ratio
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $958,000 Preferred 5% stock, $100 par (no change during year) 200,700 Common stock, $50 par (no change during year) 1,678,600 Income before income tax for year 382,956 Income tax for year 76,163 Common dividends paid 83,930 Preferred dividends paid 10,035 Interest expense 95,800 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 3.00 0.40 5.00 2.50
Question Content Area Balance sheet and income statement data indicate the following: Bonds payable, 6% (due in 15 years) $1,114,580 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for year 407,169 Income tax for year 122,151 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data presented, what is the times interest earned ratio (round to two decimal places)? a. 3.26 b. 7.09 c. 4.26 d. 6.09
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $811,000 Preferred 5% stock, $100 par (no change during year) 236,000 Common stock, $50 par (no change during year) 1,500,000 Income before income tax for year 300,000 Income tax for year 79,000 Common dividends paid 75,000 Preferred dividends paid 11,800 Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)? a.3.7 b.4.7 c.6.4 d.2.7
Balance sheet and income statement data indicate the following: Bonds payable, 8% (due in 15 years) $1,082,526 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for year 414,083 Income tax for year 124,225 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data presented, what is the times interest earned ratio (round to two decimal places)? Oa. 2.35 Оb. 3.35 Oc. 4.78 Od. 5.78