Current liabilities P560,000 Bonds payable, 16% 240,000 Preferential shares, 14%, P100 par vale 400,000 Ordinary shares, P25 par value, 33,600 shares 840,000 Premium on ordinary shares 480,000 Retained Earnings 360,000 Income before taxes is P320,000, The tax rate is 40%. Ordinary shareholder's equity in the previous year was P1,600,000. The market price per share is P35 for ordinary shares. Required: Compute the following: 4. Time interest earned 5. Earnings per share 6. Price-earnings ratio Book value per share of ordinary shares.

Current liabilities P560,000 Bonds payable, 16% 240,000 Preferential shares, 14%, P100 par vale 400,000 Ordinary shares, P25 par value, 33,600 shares 840,000 Premium on ordinary shares 480,000 Retained Earnings 360,000 Income before taxes is P320,000, The tax rate is 40%. Ordinary shareholder's equity in the previous year was P1,600,000. The market price per share is P35 for ordinary shares. Required: Compute the following: 4. Time interest earned 5. Earnings per share 6. Price-earnings ratio Book value per share of ordinary shares.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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