Question: Problem 13-21A (Algo) Ratio analysis LO 13-5 Selected data for Benson Company for Year 3 follows: Earnings (net income) $ 189,000 Preferred stock (12,600 shares
Problem 13-21A (Algo) Ratio analysis LO 13-5
Selected data for Benson Company for Year 3 follows:
| Earnings (net income) | $ | 189,000 | |||||
| Preferred stock (12,600 shares at $40 par, 6%) | $ | 504,000 | |||||
| Common stock (43,300 shares no par, market value $59) | 520,000 | ||||||
| Retained earnings | 567,500 | ||||||
| $ | 1,591,500 | ||||||
| Less: Treasury stock | |||||||
| Preferred (1,500 shares) | $ | 51,000 | |||||
| Common (1,500 shares) | 25,000 | 76,000 | |||||
| Total stockholders equity | $ | 1,515,500 | |||||
Required a. Calculate the Benson Companys ratios. (Round intermediate calculations and final answers to 2 decimal places.)
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