FINANCIAL RATIOS. The Format Company reports the following balance sheet data: Current liabilities $280.000 Bonds payable. 16% Preferred stock. 14%. S100 par value $120,000 $200,000 Common stock $25 par value. 16.800 shares $420,000 Paid-in capital on common stock Retained earnings $240,000 $180,000 Income before taxes is $160,000. The tax rate is 40 percent. Common stockholders equity in the previous year was $800,000. The market price per share of common stock is $35.
FINANCIAL RATIOS. The Format Company reports the following balance sheet data: Current liabilities $280.000 Bonds payable. 16% Preferred stock. 14%. S100 par value $120,000 $200,000 Common stock $25 par value. 16.800 shares $420,000 Paid-in capital on common stock Retained earnings $240,000 $180,000 Income before taxes is $160,000. The tax rate is 40 percent. Common stockholders equity in the previous year was $800,000. The market price per share of common stock is $35.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem:
Transcribed Image Text:d. Times interest earned;
e. Earnings per share;
f. Price/earnings ratio; and
g. Book value per shåre.
Transcribed Image Text:FINANCIAL RATIOS. The Format Company reports the following balance sheet data:
Current liabilities
$280.000
Bonds payable, 16%
Preferred stock, 14%, $100 par value
$120,000
$200,000
Common stock $25 par value. 16.800 shares $420,000
Paid-in capital on common stock
Retained earnings
$240,000
$180,000
Income before taxes is $160,000. The tax rate is 40 percent. Common stockholders
equity in the previous year was $800,000. The market price per share of common stock
is $35.
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