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Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 184,000 Preferred stock (13,000 shares at $50 par, 6%) $ 650,000 Common
Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 184,000 Preferred stock (13,000 shares at $50 par, 6%) $ 650,000 Common stock (44,000 shares no par, market value $47) 517,000 Retained earnings 570,500 1,737,500 Less: Treasury stock Preferred (1,600 shares) $ 52,000 Common (1,600 shares) 27,000 79,000 Total stockholders equity $ 1,658,500 Required a. Calculate the following ratios for Adams Company. Note: Round intermediate calculations and final answers to 2 decimal places
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