Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 9-22 Ratlo analysis LO 9-3, 9-4, 9-5 Adams Company's income statement information follows: 2012 525.000 Net Sales Income before interest and te Net income
Problem 9-22 Ratlo analysis LO 9-3, 9-4, 9-5 Adams Company's income statement information follows: 2012 525.000 Net Sales Income before interest and te Net income after taxes Interest expense Stockholders equity December 3, 2016 $195,000) Common stock, December 1 2018 $415,000 135,100 SS320 8,800 05.00 202.000 62,700 7,800 235,000 229, NO The average number of shares outstanding was 7830 for 2018 and 6.890 for 2017 Required Compute the following ratios for Adams for 2018 and 2017 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. Price earnings ratio (market prices 2018. $69 per share 2017 $73 per share) (Do not round Intermediate calculations. Round you answers to 2 decimal place..) d. Return on average equity. (Round your answers to 2 decimal placer (e...2345 should be entered as 23.45).) e. Net margin. (Round your answers to 2 decimal places. (le., 2345 should be entered os 23.45).) 2017 2010 time ti a. Interest earned Earnings per share Price earnings ratio d. Return on equity e. Net marga times 196 96 90
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started