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Assume the following sales data for a company: Assume the following sales data for a company: 2019 $1040000 2018 900000 2017 800000 2016 600000 If
Assume the following sales data for a company:
Assume the following sales data for a company: 2019 $1040000 2018 900000 2017 800000 2016 600000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2018? 50.0% O 73.3% 66.7% O 100.0% Financial statement information follows as of the end of each year. Stockholders' equity Net income Tax expense Interest expense Dividends paid to preferred stockholders Dividends paid to common stockholders 2021 2020 $ 280,000 $ 238,000 134,000 90,000 22,000 18,000 12,000 12,000 20,000 20,000 15,000 10,000 Compute the times interest earned for 2021. O 11.2 times. O 65.3 times. 14.0 times. 13.0 times. Marigold Corporation had net income of $250000 and paid dividends to common stockholders of $22000 in 2019. The weighted average number of shares outstanding in 2019 was 48000 shares. Marigold Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Marigold Corporation's payout ratio for 2019 is O 10.4%. O 8.8% O $0.5 per share. O 19.2%. Rieger Company had $300,000 of current assets and $180,000 of current liabilities before borrowing $70,000 from the bank with a 5-month note payable. What effect did the borrowing transaction have on the working capital of Rieger Company? O Decreased working capital by $70,000. O Had no effect on working capital. O Increased working capital by $70,000. O Decreased working capital by $50,000Step by Step Solution
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