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Selected data for Dalton Company for Year 3 follows: Earnings (net income) $ 97,800 Preferred stock (13,200 shares at $25 par, 4%) $ 330,000 Common
Selected data for Dalton Company for Year 3 follows:
Earnings (net income) | $ | 97,800 | |||||
Preferred stock (13,200 shares at $25 par, 4%) | $ | 330,000 | |||||
Common stock (45,000 shares no par, market value $28) | 255,000 | ||||||
Retained earnings | 281,250 | ||||||
$ | 866,250 | ||||||
Less: Treasury stock | |||||||
Preferred (1,800 shares) | $ | 27,000 | |||||
Common (1,800 shares) | 12,000 | 39,000 | |||||
Total stockholders equity | $ | 827,250 | |||||
Required a. Calculate the Dalton Companys ratios. (Round your answers to 2 decimal places.)
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