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Selected financial information is available for Drummond Inc. 2015 Current assets $ 72,000 Total assets 400,000 Current liabilities 40,000 Total liabilities 180,000 Profit 90,000 Weighted
Selected financial information is available for Drummond Inc. 2015 Current assets $ 72,000 Total assets 400,000 Current liabilities 40,000 Total liabilities 180,000 Profit 90,000 Weighted average number of common shares 90,000 Market price per common share 12 2014 $ 60,800 341,000 38,000 150,000 40,000 50,000 8 Drummond has no preferred shares, so profit is equal to the profit available to common shareholders. (a) Calculate the (1) current, (2) debt to total assets, (3) earnings per share, and (4) price- earnings ratios for each year
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