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Please answer each part in Excel with proper labels and formulas showing all calculations for a great rating. Thank you! P 8-3 The balance sheet
Please answer each part in Excel with proper labels and formulas showing all calculations for a great rating. Thank you!
P 8-3 The balance sheet for Schultz Bone Company at December 31, 2011 had the follow- ng account balances: Total current liabilities (non-interest-bearing) Bonds payable, 6% (issued in 1982; due in 2018) Preferred stock, 5%, $100 par Common stock, $10 par Premium on common stock Retained earnings $450,000 750,000 300,000 750,000 150,000 600,000 Income before income tax was $200,000, and income taxes were $80,000 for the cur- rent year. Required Calculate each of the following a. Return on assets (using ending assets) b. Return on total equity (using ending total equity) c. Return on common equity (using ending common equity) d. Times interest earnedStep by Step Solution
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