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The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $1,400,000 Preferred $10 stock, $100
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 6% | $1,400,000 |
Preferred $10 stock, $100 par | $68,000 |
Common stock, $15 par | $91,800.00 |
Income before income tax was $151,200, and income taxes were $22,000 for the current year. Cash dividends paid on common stock during the current year totaled $24,480. The common stock was selling for $200 per share at the end of the year.
Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required.
a. Times interest earned ratio | fill in the blank 1 | times |
b. Earnings per share on common stock | $fill in the blank 2 | |
c. Price-earnings ratio | fill in the blank 3 | |
d. Dividends per share of common stock | $fill in the blank 4 | |
e. Dividend yield | fill in the blank 5 | % |
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