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Selected data for Perez Company for 2018 follows: Earnings (net income) $ 181,000 Preferred stock (11,600 shares at $40 par, 6%) $ 464,000 Common stock
Selected data for Perez Company for 2018 follows:
Earnings (net income) | $ | 181,000 | |||||
Preferred stock (11,600 shares at $40 par, 6%) | $ | 464,000 | |||||
Common stock (43,800 shares no par, market value $55) | 527,000 | ||||||
Retained earnings | 578,500 | ||||||
$ | 1,569,500 | ||||||
Less: Treasury stock | |||||||
Preferred (1,300 shares) | $ | 60,000 | |||||
Common (1,300 shares) | 29,000 | 89,000 | |||||
Total stockholders equity | $ | 1,480,500 | |||||
Required
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Calculate the Perez Companys ratios. (Round intermediate calculations and final answer to 2 decimal places.)
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Price-earnings ratio Return on equity 12.22 %
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