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The following information relates to Tappan Corporation. Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense

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The following information relates to Tappan Corporation. Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2,500 shares, value $30/share Current year $52,000 $25,000 $27,000 $9,000 $1,000 $6,000 $4,000 $8,000 $13,000 $500 $25,500 $25,000 $15,000 $6,000 $46,000 $25,600 $20,400 $6,000 $7,000 $4,500 $3,500 $9,000 $11,000 $400 $23,900 $30,000 $22,500 $20,000 $10,000 $10,000 Required: a. What is the book value per share of common stock for the current year? b. What is the price-earnings ratio for the current year? c. What is the rate of return on total assets for the current year? d. What is the times-interest-earned ratio for the current year

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