J. C. Olson & Co. had earnings per share of $8 in 2012, and it paid a $4 dividend. Book value per share at year-end
J. C. Olson & Co. had earnings per share of $8 in 2012, and it paid a $4 dividend. Book value per share at year-end was $80. During the same period, the total retained earnings increased by $24 million. Olson has no preferred stock, and no new common stock was issued during the year. If Olson’s year‐end debt (which equals its total liabilities) was $240 million, what was the company’s year‐end debt ratio?
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Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
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