Question
Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 187,000 Preferred stock (11,700 shares at $50 par, 2%) $ 585,000 Common
Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 187,000 Preferred stock (11,700 shares at $50 par, 2%) $ 585,000 Common stock (44,800 shares no par, market value $59) 520,000 Retained earnings 567,500 1,672,500 Less: Treasury stock Preferred (1,600 shares) $ 52,000 Common (1,600 shares) 29,000 81,000 Total stockholders equity $ 1,591,500 Required a. Calculate the following ratios for Adams Company. Note: Round intermediate calculations and final answers to 2 decimal places. Required
a. Calculate the following ratios for Adams Company.
Note: Round intermediate calculations and final answers to 2 decimal places.
Earnings per share
Price-earnings ratio
Return on equity
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