Information from Hartel Companys financial statements follows. Average number of shares outstanding was 16,000 for 2014 and

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Information from Hartel Company€™s financial statements follows.

Information from Hartel Company€™s financial statements follows.  .:. Average

Average number of shares outstanding was 16,000 for 2014 and 15,000 for 2013.

Required
Compute the following ratios for Hartel Company for 2014 and 2013 and round computations to two decimal points.
a. Number of times interest was earned.
b. Earnings per share based on the average number of shares outstanding.
c. Price-earnings ratio (market prices: 2014, $60 per share; 2013, $48 per share).
d. Return on equity.
e. Netmargin.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old

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