Question
YZ Corporation's financials include: Total assets: $3,000,000 Total liabilities: $1,000,000 Common stock: $900,000 Preferred stock: $300,000 Retained earnings: $800,000 Net income: $550,000 Total revenues: $2,500,000
YZ Corporation's financials include:
- Total assets: $3,000,000
- Total liabilities: $1,000,000
- Common stock: $900,000
- Preferred stock: $300,000
- Retained earnings: $800,000
- Net income: $550,000
- Total revenues: $2,500,000
Determine: a) Debt-to-total-assets ratio b) Price-to-book ratio c) Return on common equity d) Earnings per share
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
