Question: 1. Rate earned on total assets 2. Rate earned on stockholders equity 3. Rate earned common stock equity 4. Earnings per shar on common stock
Current Year $745,000 1,510,000 Preceding Year $820,000 1,400,000 Current assets Property, plant, and equipment Current liabilities (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock Common stock, $25 par Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared 160,000 400,000 250,000 1,200,000 140,000 400,000 250,000 1,200,000 230,000 110,000 (25,000) (70,000) 160,000 155,000 (25,000) (60,000) Round your answers to one decimal place except earnings per share, which should be rounded to the nearest cent. a. Rate earned on total assets 4% b. Rate earned on stockholders equity c. Rate earned on common stockholders' equity 9% d. Earnings per share on common stock e. Price-earnings ratio on common stock f. Dividend yield on common stock
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