Last year K. Billings worth & Co. had earnings per share of $4 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. Billings worth has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, what was the company’s year-end total debt to the total capital ratio?

Answer rating: 100% (QA)

1 Money retained per share 4 2 2 per share Total increase in retained earnings 12 milli... View the full answer