Question: Problem 1 3 - 2 1 A ( Algo ) Ratio analysis LO 1 3 - 5 Selected data for Solomon Company for Year 3

Problem 13-21A (Algo) Ratio analysis LO 13-5
Selected data for Solomon Company for Year 3 follows:
\table[[Earnings (net income),,$ 193,000],[Preferred stock (11,700 shares at $40 par, 4%),,,$ 468,000],[Common stock (43,900 shares no par, market value $57),,,526,000],[Retained earnings,,,577,500],[,,,1,571,500],[Less: Treasury stock,,,],[Preferred (1,300 shares),$ 45,000,,],[Common (1,300 shares),22,000,,67,000],[Total stockholders' equity,,$,1,504,500]]
Required
a. Calculate the following ratios for Solomon Company.
Note: Round intermediate calculations and final answers to 2 decimal places.
\table[[Earnings per share,],[Price-earnings ratio,],[Return on equity,]]
Problem 1 3 - 2 1 A ( Algo ) Ratio analysis LO 1

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