R.C. had earnings per share of $8 in year 2010, and it paid a $4 dividend. Book

Question:

R.C. had earnings per share of $8 in year 2010, and it paid a $4 dividend. Book value per share at year's end was $80. During the same period, the total retained earnings increased by $24 million. R.C has no preferred stock, and no new was issued during the year. If R.C's year-end debt (which equals its total liabilities) was $240 million, what was the company's year-end debt ratio?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...