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Selected financial information for CraneCorporation as of December are presented below. Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of
Selected financial information for CraneCorporation as of December are presented below. Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240 for preferred shareholders in 2014 . Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31,2014 , as appropriate. (Round answers to 2 decimal places, eg. 2.12.)
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