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Laurie Company reported the following selected information for 2020: End 2020 Beg 2020 Total Assets $ 150,000 $ 220,000 Net Sales 400,000 0 Total Liabilities
Laurie Company reported the following selected information for 2020: End 2020 Beg 2020 Total Assets $ 150,000 $ 220,000 Net Sales 400,000 0 Total Liabilities 45,000 205,000 Total Common Equity 105,000 15,000 Net Income 90,000 0 Interest Expense for 2020: $9,000 2020 Average Common Shares Outstanding: 80,000 shares No Preferred Dividends declared or paid in 2020 Determine the following ratios: 1. Return on Equity 2. Earnings Per Share 3. Debt to Assets 4. Times Interest Earned
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