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purchase treasury stock. The following financial information is available for Martinez Company for the years 2025 and 2024. Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Dividends paid on preferred stock 2025 $9,100,000 2,590,500 510,000 724,500 1,036,200 350,000 2024 $9,100,000 2,983,750 160,000 968,250 1,253,175 350,000

purchase treasury stock. The following financial information is available for Martinez Company for the years 2025 and 2024. Sales revenue Net income Interest expense Tax expense Dividends paid on common stock Dividends paid on preferred stock 2025 $9,100,000 2,590,500 510,000 724,500 1,036,200 350,000 2024 $9,100,000 2,983,750 160,000 968,250 1,253,175 350,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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pany ma purchase treasury stock. The following financial information is available for Martinez Company for the years 2025 and 2024. Sales revenue Net income Interest expense Tax expense (a) Return on assets 2025 $9,100,000 Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) 14,500,000 Average total assets 16,500,000 19,375,000 Total liabilities (year-end) 6,046,500 3,034,000 Avg. total common stockholders' equity 17,860,000 26,790,000 Payout ratio 2,590,500 Debt to assets ratio. 510,000 Times interest earned 724,500 1,036,200 Return on common stockholders' equity 350,000 2024 $9,100,000 2,983,750 160,000 968,250 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5 or 12.5%) 1,253,175 350,000 18,500,000 2025 % % % times 2024 % *** times
Transcribed Image Text:pany ma purchase treasury stock. The following financial information is available for Martinez Company for the years 2025 and 2024. Sales revenue Net income Interest expense Tax expense (a) Return on assets 2025 $9,100,000 Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) 14,500,000 Average total assets 16,500,000 19,375,000 Total liabilities (year-end) 6,046,500 3,034,000 Avg. total common stockholders' equity 17,860,000 26,790,000 Payout ratio 2,590,500 Debt to assets ratio. 510,000 Times interest earned 724,500 1,036,200 Return on common stockholders' equity 350,000 2024 $9,100,000 2,983,750 160,000 968,250 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, eg. 12.5 or 12.5%) 1,253,175 350,000 18,500,000 2025 % % % times 2024 % *** times
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