Data for Shamrock State Bank follows: Requirement 1. Evaluate the common stock of Shamrock State Bank as
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Requirement
1. Evaluate the common stock of Shamrock State Bank as an investment. Specifically, use the four stock ratios to determine whether the common stock has increased or decreased in attractiveness during the pastyear.
Transcribed Image Text:
2012 2011 $ 61,000 $ 52,000 26,000 Net income Dividends-common 26,000 Dividends-preferred Total stockholders' equity at ycar-cnd (includes 80,000 shares of common stock)..... 760,000 Preferred stock, 6% ... Market price per share of common stock .... 12,600 12,600 610,000 210,000 $ 19.50 $ 210,000 14
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Req 1 2012 2011 Priceearnings ratio 1950 322 3 14 284 3 61 000 12600 8...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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