**Selected data for Thornton Company for Year 3 follows:**- Earnings (net income): $184,000- Preferred stock (12,400 shares at $50 par, 4%): $620,000- Common stock (44,600 shares no par, market value $47): $527,000- Retained earnings: $576,500Less: Treasury stock- Preferred (1,900 shares): $53,000- Common (1,900 shares): $27,000- Treasury stock total: $80,000**Total stockholders' equity:** $1,643,500**Required**a. Calculate the following ratios for Thornton Company.**Note:** Round intermediate calculations and final answers to 2 decimal places.- **Earnings per share:** [ ]- **Price-earnings ratio:** [ ]- **Return on equity:** [ ]%

Name: **Selected data for Thornton Company for Year 3 follows:**- Earnings
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Description: **Selected data for Thornton Company for Year 3 follows:**- Earnings (net income): $184,000- Preferred stock (12,400 shares at $50 par, 4%): $620,000- Common stock (44,600 shares no par, market value $47): $527,000- Retained earnings: $576,500Less:

1. Earnings per share (EPS) is a measure of a company's profitability, calculated by dividing net…

Business

Finance

Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

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Chapter1: Investments: Background And Issues

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