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Selected data for Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % $ 193,000 $ 387,000 529,000 578,500 $1,494,500 Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500

Selected data for Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % $ 193,000 $ 387,000 529,000 578,500 $1,494,500 Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500

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 Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % 193,000 387,000 529,000 578,500 $1,494,500 $ $ Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500
Transcribed Image Text:Selected data for Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % 193,000 387,000 529,000 578,500 $1,494,500 $ $ Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500
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