RATIO ANALYSIS

Liquidity Ratios

Problem $4.$ Gray Corporation's financial

statements for the last year are shown

below. All figures are in thousands

$($P$000).$ The firm paid a $P1,000$

dividend to its stockholders during the

year. Two million shares of stock are

outstanding. The stock is currently

trading at a price of P$50.$ There were

no sales of new stock. Lease

payments totaling P$400$ are included in

cost and expense.

Compute for:

Book Value per Share

Market$-$to$-$Book Ratio

Times$-$Interest$-$Earned

Cash flow per Share