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Novak Inc. has the following selected financial data: 2020 2019 Net income $ 726,000 $ 678,000 Total assets 5,100,000 4,503,000 Preferred shares, 6%, cumulative 627,000
Novak Inc. has the following selected financial data: 2020 2019 Net income $ 726,000 $ 678,000 Total assets 5,100,000 4,503,000 Preferred shares, 6%, cumulative 627,000 627,000 Common shares 337,000 337,000 Retained earnings 2,798,000 2,199,000 Accumulated other comprehensive income 142,000 128,900 Total shareholders' equity 3,904,000 3,291,900 Cash dividends paid in the year 127,000 169,100 Market price of common shares $ 95.93 $ 62.20 Weighted average number of common shares 76,000 76,000 There were no preferred dividends in arrears. Calculate the following ratios for 2020. (Round your answers to 2 decimal places, e.g. 52.75 or 52.75%.) Rate of return on common shareholders' equity % Payout ratio % Price earnings ratio times Book value $ Rate of return on total assets %
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