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Condensed balance sheet and income statement data for Landwehr Corporation appear below. Additional information: 1. The market price of Landwehrs common stock was $4.00, $5.00,
Condensed balance sheet and income statement data for Landwehr Corporation appear below.
Additional information:
1. | The market price of Landwehrs common stock was $4.00, $5.00, and $7.00 for 2016, 2017, and 2018, respectively. | |
2. | All dividends were paid in cash. |
(a) Compute the following ratios for 2017 and 2018. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)
LANDWEHR CORPORATION Balance Sheets December 31 2017 $16,400 45,900 94,300 69,200 370,200 $596,000 $80,800 84,500 314,000 116,700 $596,000 2016 $17,300 47,000 63,800 45,600 357,400 $531,100 $70,300 49,900 314,000 96,900 $531,100 2018 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net)399,600 $24,300 49,800 89,600 75,800 Current liabilities Long-term debt Common stock, $10 par Retained earnings $639,100 $74,200 80,900 353,000 131,000 $639,100
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