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The following information is from the December 31, 2018 balance sheet of Millner Corporation Preferred Stock, $100 par Paid-In Capital in Excess of Par-Preferred Common
The following information is from the December 31, 2018 balance sheet of Millner Corporation Preferred Stock, $100 par Paid-In Capital in Excess of Par-Preferred Common Stock, $1 par Paid- In Capital in Excess of Par-Common Retained Eamings Total Stockholders' Equity $510,000 36,000 240,000 560,000 231,500 $1,577,500 What was the average issue price of the common stock shares? (Round your answer to the nearest cent) O A. $1.00 O B. S201 O C. $2.33 O D. $3 33 The information related to interest expense of Classic Music, Inc. is given below Net income Income tax expense Interest expense Based on the above data, which places ) $257,000 107,000 72,000 of the following is the times-interest-earned ratio? (Round the final answer to two decimal O A. 357 times O B. 407 times C. 4 57 times O D. 6.06 times
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