1. A company reports the following:

Income before income tax expense	$6,000,000
Interest expense	300,000

Determine the times interest earned ratio.

2. A company reports the following:

Sales	$6,480,000
Average total assets	2,400,000

Determine the asset turnover ratio. Round your answer to one decimal place.

3. A company reports the following income statement and balance sheet information for the current year:

Net income	$110,000
Interest expense	77,000
Average total assets	1,700,000

Determine the return on total assets. Round percentage to one decimal place. %

4. A company reports the following:

Net income	$750,000
Preferred dividends	150,000
Average stockholders' equity	5,000,000
Average common stockholders' equity	3,750,000

Determine (a) the return on stockholders equity and (b) the return on common stockholders equity.

a. The Return on Stockholders Equity	%
b. The Return on Common Stockholders Equity	%

5. A company reports the following:

Net income	$460,000
Preferred dividends	$40,000
Shares of common stock outstanding	150,000
Market price per share of common stock	$40.60

a. Determine the company's earnings per share on common stock. Round your answer to two decimal places. Use the rounded answer of requirement a for subsequent requirement, if required. $

b. Determine the company's price-earnings ratio. Round your answer to one decimal place.