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Selected data for Putin Company 2014 and additional information on industry averages follow. Selected data for Putin Company for 2014 and additional information on industry
Selected data for Putin Company 2014 and additional information on industry averages follow.
Selected data for Putin Company for 2014 and additional information on industry averages follow Earnings (net income) S 190,000 Preferred stock (12,000 shares at $40 par, 4%) Common stock (43,600 shares no par, market value $54) Retained eamings $ 480,000 513,000 579,500 $1,572,500 Less: Treasury stock Preferred (1,100 shares) Common (1,100 shares) $55,000 20,00075,000 Total stockholders' equity $1,497,500 Industry averages Earnings per share$4.70 Price-earnings ratio Return on equi9.70 11.60 % Required a. Calculate the Putin Company's ratios. (Round intermediate calculations and final answers to 2 decimal places.) Price-earnings ratio Return on equity Step by Step Solution
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