# Question

Information from Hartel Company’s financial statements follows.

Average number of shares outstanding was 16,000 for 2014 and 15,000 for 2013.

Required

Compute the following ratios for Hartel Company for 2014 and 2013 and round computations to two decimal points.

a. Number of times interest was earned.

b. Earnings per share based on the average number of shares outstanding.

c. Price-earnings ratio (market prices: 2014, $60 per share; 2013, $48 per share).

d. Return on equity.

e. Netmargin.

Average number of shares outstanding was 16,000 for 2014 and 15,000 for 2013.

Required

Compute the following ratios for Hartel Company for 2014 and 2013 and round computations to two decimal points.

a. Number of times interest was earned.

b. Earnings per share based on the average number of shares outstanding.

c. Price-earnings ratio (market prices: 2014, $60 per share; 2013, $48 per share).

d. Return on equity.

e. Netmargin.

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