Evaluate the common stock of Bastille Distributing Company as an investment. Specifically, use the three common stock
Question:
Evaluate the common stock of Bastille Distributing Company as an investment. Specifically, use the three common stock ratios to determine whether the common stock increased or decreased in attractiveness during the past year. (The number of common stock shares was the same in 2015 and 2016.) Round calculations and your final answer to three decimal places.
Transcribed Image Text:
2016 2015 Net incom...91,000 S 98,700 Dividends to common Total stockholders' equity at year-end...575,000 495,000 28,000 20,000 (includes 96,250 shares of common stock) Preferred stock, 796 Market price per share of common 90,000 90,000 stock at year-end. $ 22.00 16.80
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2016 2015 a Priceearnings ratio 2200 25000 1680 17500 910...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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