Five measures of solvency or profitability The balance sheet for Garcon Inc.at the end of the current fiscal year indicated the following: Bonds payable,8% $5,000,000 Preferred $4 stock, $50 par 2,500,000 Common stock,$ 10 par s,000,000 Income before income ta.x was $3,000,000,and income taxes were 51,200,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,200,000.The common stock was selling for $32 per share at the end of the year.Determine each of the following:(A) times interest earned ratio (B) earnings per share on common stock,(C) price earnings ratio, (D) dividends per share of common stock, and (E) dividend yield.(Round ratios and percentages to one decimal place,except for per-share amounts.)
Five measures of solvency or profitability
The
|
Bonds payable,8% |
$5,000,000 |
|
|
2,500,000 |
|
Common stock,$ 10 par |
s,000,000 |
Income before income ta.x was $3,000,000,and income taxes were 51,200,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,200,000.The common stock was selling for $32 per share at the end of the year.Determine each of the following:(A) times interest earned ratio (B) earnings per share on common stock,(C) price earnings ratio, (D) dividends per share of common stock, and
(E) dividend yield.(Round ratios and percentages to one decimal place,except for per-share amounts.)
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