Take me to the textMarry Inc. provided the following information from its accounting records for the years ended December 31, 2021and 2020.20212020Income from continuing operations (net of tax)858,000 799,000Income from discontinued operations (net of tax)143,000123,000Net income1,001,000 922,000Number of common shares outstanding throughout year 100,000 100,000Beginning retained earnings1,834,000 1,682,000Current liabilities606,000 470,000Long-term liabilities846,000 830,000Market price per share1712Total dividends paid428,000 339,000lo shares were issued or redeemed during the two years. The company has never issued any preferred shares.Common shares were sold for $1 per share.alculate the following ratios for both years.o not enter dollar signs or commas in the input boxes.pund your answers to 2 decimal places. Current liabilities606,000 470,000846,000830,000Long-term liabilitiesMarket price per share1712Total dividends paid428,000 339,000No shares were issued or redeemed during the two years. The company has never issued any preferred sharCommon shares were sold for $1 per share.Calculate the following ratios for both years.Do not enter dollar signs or commas in the input boxes.Round your answers to 2 decimal places.20212020EPSDividend Payout RatioPrice-Earnings RatioBook Value per Common Share

Introduction:- Shares are equity ownership units in a firm. Shares exist as a financial asset for…

Take me to the text Marry Inc. provided the following information from its accounting records for the years ended December and 2020. 2021 2020 ncome from continuing operations (net of tax) 858,000 799,000 ncome from discontinued operations (net of tax) 143,000 123,000 let income 1,001,000 922,000 umber of common shares outstanding throughout year 100,000 100,000 eginning retained earnings 1,834,000 1,682,000

Take me to the text Marry Inc. provided the following information from its accounting records for the years ended December and 2020. 2021 2020 ncome from continuing operations (net of tax) 858,000 799,000 ncome from discontinued operations (net of tax) 143,000 123,000 let income 1,001,000 922,000 umber of common shares outstanding throughout year 100,000 100,000 eginning retained earnings 1,834,000 1,682,000

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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