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The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Bonds payable, 10% (20-year term) $5,000,000 Preferred 10%
The balance sheet for Seuss Company at the end of the current fiscal year indicated the following:
Bonds payable, 10% (20-year term) | $5,000,000 |
Preferred 10% stock, $100 par | 1,000,000 |
Common stock, $10 par | 2,000,000 |
Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.
Required:
Determine each of the following:
Round ratios and percentages to one decimal place, and monetary amounts to the nearest cent.
1. Times interest earned | fill in the blank 1 | times |
2. Earnings per share on common stock | $fill in the blank 2 | |
3. Price-earnings ratio | fill in the blank 3 | |
4. Dividends per share of common stock | $fill in the blank 4 | |
5. Dividend yield | fill in the blank 5 | % |
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