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please help me with this question. its one question with many part. make sure to do all for a up vote. thanks. Following is the
please help me with this question. its one question with many part. make sure to do all for a up vote. thanks.
Following is the balance sheet of Jordan Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,700 Required Compute each of the following: (Round your answer to 2 decimal ploces. For percentages, 0.2345 should be entered as 23.45.) Benson Company's income statement information follows: The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2 Required Compute the following ratios for Benson for Year 3 and Year 2 . a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding (Round your answers to 2 decimal places.) c. Pnce-earnings ratio (market prices: Year 3, $66 per share; Year 2.\$77 per share) (Round your intermediate and final answers to 2 decimal places.) d. Return on average equity. (Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45 ).) e. Net margin (Round your percentage answers to 2 decimal places, (i.e., 0.2345 should be entered as 23.45).) Step by Step Solution
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