Hood Company's income statement information follows. The average number of shares outstanding was 2,600 for 2009 and
Question:
Hood Company's income statement information follows.
The average number of shares outstanding was 2,600 for 2009 and 2,300 for 2008.
Required
Compute the following ratios for Hood for 2009 and 2008.
a. Times interest earned.
b. Earnings per share based on the average number of shares outstanding.
c. Price-earnings ratio (market prices: 2009, $116 per share; 2008, $96 per share).
d. Return on average equity.
e. Netmargin.
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