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LUUTTU The following information related to TRT Company for the years 2015. 1. Income Statement Information: 2015 Net Sales $250,000 Cost of Goods Sold 86,000
LUUTTU The following information related to TRT Company for the years 2015. 1. Income Statement Information: 2015 Net Sales $250,000 Cost of Goods Sold 86,000 Operating Expense 41,000 Interest Expense 10,200 Income Tax Expense 9,600 Net Income 103,200 2. Other Information: 2015 Total Assets $190,000 Construction in Progress 14,200 Intangible Assets 7,000 Long-term debts 70,000 Current liabilities 50,000 Preferred Stocks, 5% 10,000 Common Stocks, S5 par value 150,000 Dividend Per Common Shares 2 Market Price of Common Shares 10 Compute:Dividend yield ratio
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