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NEED HELP! Please help mewith the following questions. I'm having trouble with these only. 1. The following information pertains to Swifty Company. Assume that all
NEED HELP! Please help mewith the following questions. I'm having trouble with these only.
1. The following information pertains to Swifty Company. Assume that all balance sheet amounts represent average balance figures. Total assets $305000 Stockholders' equity-common 185000 Total stockholders' equity 266000 Sales revenue 107000 Net income 20100 Number of shares of common stock 7000 Common dividends 4200 Preferred dividends 7200 What is Swifty's payout ratio? 20.90%. 6%. 14%. 34%. 2. Whispering Winds Corp. had net income of $79130 and paid dividends of $31000 to common stockholders and $20000 to preferred stockholders in 2017. Whispering Winds Corp. common stockholders' equity at the beginning and end of 2017s was $495000 and $600000, respectively. Whispering Winds Corp. return on common stockholders' equity is 11%. 6%. 10%. 15%. 3. In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina Colada Corp.'s times interest earned (rounded) for the year? 6.30 5.30 6.75 7.75Step by Step Solution
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