Selected data for Jordan Company for Year 3 follows: Earnings (net income) $ 182,000 Preferred stock (12,200
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Question:
Selected data for Jordan Company for Year 3 follows:
Earnings (net income) | $ 182,000 | |
---|---|---|
Preferred stock (12,200 shares at $40 par, 6%) | $ 488,000 | |
Common stock (44,000 shares no par, market value $49) | 529,000 | |
Retained earnings | 578,500 | |
1,595,500 | ||
Less: Treasury stock | ||
Preferred (1,100 shares) | $ 57,000 | |
Common (1,100 shares) | 23,000 | 80,000 |
Total stockholders equity | $ 1,515,500 |
Required
a. Calculate the following ratios for Jordan Company.
Note: Round intermediate calculations and final answers to 2 decimal places.
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