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The following data are taken from the financial statements: Current assets Property, plant, and equipment Current Year Preceding Year $745,000 $820,000 1,510,000 1,400,000 Current
The following data are taken from the financial statements: Current assets Property, plant, and equipment Current Year Preceding Year $745,000 $820,000 1,510,000 1,400,000 Current liabilities (non-interest-bearing) 160,000 140,000 Long-term liabilities, 12% 400,000 400,000 Preferred 10% stock 250,000 250,000 Common stock, $25 par 1,200,000 1,200,000 Retained earnings, beginning of year Net income for year 230,000 160,000 110,000 155,000 Preferred dividends declared (25,000) (25,000) Common dividends declared (70,000) (60,000) Determine for the current year: (a) Return on total assets (b) Return on stockholders' equity (c) Return on common stockholders' equity (d) Earnings per share on common stock (e) Price-earnings ratio on common stock (f) Dividend yield. The current market price per share of common stock is $25. Round your answers to one decimal place except earnings per share, which should be rounded to the nearest cent. a. Return on total assets 4.9 X %
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