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Bramble Inc. has the following selected financial data: 2020 2019 Net income $715,000 $682,000 Total assets 5,117,000 4,505,000 Preferred shares, 6%, cumulative 625,000 625,000 Common
Bramble Inc. has the following selected financial data:
2020 | 2019 | |||
Net income | $715,000 | $682,000 | ||
Total assets | 5,117,000 | 4,505,000 | ||
Preferred shares, 6%, cumulative | 625,000 | 625,000 | ||
Common shares | 321,000 | 321,000 | ||
Retained earnings | 2,783,000 | 2,200,000 | ||
Accumulated other comprehensive income | 143,000 | 128,100 | ||
Total shareholders equity | 3,872,000 | 3,274,100 | ||
Cash dividends paid in the year | 132,000 | 174,900 | ||
Market price of common shares | $98.11 | $65.46 | ||
Weighted average number of common shares | 84,000 | 84,000 |
There were no preferred dividends in arrears.
Calculate the following ratios for 2020. (Round your answers to 2 decimal places, e.g. 52.75 or 52.75%.)
Rate of return on common shareholders equity | % | ||
Payout ratio | % | ||
Price earnings ratio | times | ||
Book value | $ | ||
Rate of return on total assets | % |
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