Question
Munoz Company's income statement information follows: Net sales $411,000 253,000 Income before interest and taxes 114,000 77,000 Net income after taxes 55,400 62,700 Interest expense
Munoz Company's income statement information follows:
Net sales $411,000 253,000
Income before interest and taxes 114,000 77,000
Net income after taxes 55,400 62,700
Interest expense 9,000 8,000
Stockholders' equity, December 31 (2016: $193,000)
296,000 234,000
Common stock, December 31210,000 234,000
RequiredCompute the following ratios for Munoz for 2018 and 2017.Number of times interest was earned.(Round your answers to 2 decimal places.)
Earnings per share based on the average number of shares outstanding.(Round your answers to 2 decimal places.)
Price-earnings ratio (market prices: 2018, $66 per share; 2017, $77 per share).(Do not round intermediate calculations. Round your answers to 2 decimal places.)
Return on average equity.(Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)
Net margin.(Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)20182017Interest Earned
1
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