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The balance sheet for Oriole Corporation at the end of the current year includes the following: Bonds payable, 6% $5,000,000 6% Preferred stock, $100
The balance sheet for Oriole Corporation at the end of the current year includes the following: Bonds payable, 6% $5,000,000 6% Preferred stock, $100 par 1,010,000 Common stock, $10 par 2,010,000 Net income was $599,280 and income tax expense for the current year amounted to $300,720. The bonds were outstanding for the entire year. Cash dividends paid on common stock were $201,000, and the common stock was trading at $28 per share at the end of the year. There were no ownership changes during the year. Determine each of the following: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place, e.g. 52.7.) (a) Times interest earned. (b) Earnings per share. (c) Price-earnings ratio. SA times per share times SUPPORT
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