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Selected data for Rooney Company for Year 3 follows: Earnings (net income) Preferred stock (12,300 shares at $40 par, 2%) Common stock (43,900 shares
Selected data for Rooney Company for Year 3 follows: Earnings (net income) Preferred stock (12,300 shares at $40 par, 2%) Common stock (43,900 shares no par, market value $51) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity $ 176,000 $ 492,000 523,000 577,500 $1,592,500 $44,000 24,000 68,000 $1,524,500 Required a. Calculate the Rooney Company's earnings per share ratio, price-earnings ratio and return on equity ratio. (Round intermediate calculations and final answers to 2 decimal places.) Earnings per share Price-earnings ratio Return on equity %
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