Question
3. value: 4.00 points Selected data for Putin Company for 2014 and additional information on industry averages follow. Earnings (Net Income) $ 195,600 Preferred stock
3. value: 4.00 points
Selected data for Putin Company for 2014 and additional information on industry averages follow.
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Earnings (Net Income) |
| $ 195,600 | ||
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Preferred stock (13,200 shares @ $50 par, 4%) |
| $ 660,000 | ||
Common stock (45,000 shares no par, market value $56) |
| $ 510,000 | ||
Retained earnings |
| $ 562,500 | ||
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| 1,732,500 |
Less: Treasury stock |
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Preferred (1,800 shares) | $ 54,000 |
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Common (1,800 shares) | 24,000 | 78,000 | ||
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Total stockholders' equity |
| $ 1,654,500 |
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Industry averages |
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Earnings per share | $5.20 |
Price - earnings ration | 9.50% |
Return on equity | 11.20% |
Required
a. Calculate the Putin Companys ratios. (Round your answers to 2 decimal places.)
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Price - earnings ratio |
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Return on equity |
| % |
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