Veeman Inc., had $1,600,000 in net income for 2018 after deducting interest expense of $320,000 and income taxes of $500,000. Theprice of the stock at the fiscal year-end was $35. The company’s shareholders’ equity follows:

A. Determine the times interest earned.B. Compute the earnings per share.C. Calculate the return on common equity.D. Determine the price-earnings ratio at the fiscal year-end.

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Preferred stock, 6 percent, $10 par value, authorized 200,000 shares, 50,000 shares issued and outstanding Common stock, $5 par value, authorized 1,000,000 shares, 700,000 shares issued and outstanding Paid-in capital in excess of par, common stock Total contributed capital Retained earnings Total shareholders' equity 500,000 $3,500,000 900,000 $4,900,000 1,754,000 $6,654,000