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Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500

Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500

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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Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500
Transcribed Image Text:Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500
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