16.

1. Question Content Area

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

   Net income	$131,200
   Interest expense	11,410
   Average total assets	2,194,000

   Determine the return on total assets. Round the percentage to one decimal place. Ans:_____

17.

A company reports the following:

Net income	$877,350
Preferred dividends	$64,990
Shares of common stock outstanding	46,000
Market price per share of common stock	$51.21

Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Ans:_____

18.

A company reports the following:

Net income	$186,090
Preferred dividends	12,670
Average stockholders' equity	1,121,430
Average common stockholders' equity	834,360

Determine the (a) return on stockholders' equity and (b) return on common stockholders' equity. Round percentages to one decimal place.

a. Return on stockholders' equity	______	%
b. Return on common stockholders' equity	______	%

19.

A company reports the following:

Net income	$504,860
Preferred dividends	$37,400
Shares of common stock outstanding	53,000
Market price per share of common stock	$104.52

Determine the company's price-earnings ratio. Round your answer to two decimal places. Ans:____

20.

1. Question Content Area

   Compute conversion costs given the following data: direct materials, $361,700; direct labor, $195,700; factory overhead, $177,700 and selling expenses, $45,200.

   a.$132,500

   b.$539,400

   c.$735,100

   d.$373,400