Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the folowing: Bonds payable, 8% $1,600,000 Preferred $5 stock, $50 par 211,000 Common stock, $10 par 1,635,250 Income before income tax expense was $409,600,and income taxes were $61,450 for the current year. Cash dividends paid on common stock during the current year totaled s89,939. The common stock was selling for $22 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, If required. a. Times interest earned ratio times b. Carnings per share on common stock C. Priceeamings rabo d. Divioendi per share of common stock e. Diviend yd
Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the folowing: Bonds payable, 8% $1,600,000 Preferred $5 stock, $50 par 211,000 Common stock, $10 par 1,635,250 Income before income tax expense was $409,600,and income taxes were $61,450 for the current year. Cash dividends paid on common stock during the current year totaled s89,939. The common stock was selling for $22 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, If required. a. Times interest earned ratio times b. Carnings per share on common stock C. Priceeamings rabo d. Divioendi per share of common stock e. Diviend yd
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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please answer part d,e
Transcribed Image Text:Five Measures of Solvency or Profitability
The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 8%
$1,600,000
Preferred $5 stock, $50 par
211,000
Common stock, $10 par
1,635,250
Income before income tax expense was $409,600,and income taxes were $61,450 for the current year. Cash dividends paid on common stock during the
current year totaled $89,939. The common stock was selling for $22 per share at the end of the year.
Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole
cent. Use the rounded answers for subsequent requirements, If required.
a. Times interest earmed ratio
times
b. Earnings per share on common stock
C. Priceeamings rabo
d. Divioends per share of common stock
e. Dividene yd
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