Question: Problem 9-21A (Algo) Ratio analysis LO 9-5 Selected data for Vernon Company for Year 3 follows: Earnings (net income) Preferred stock (11,600 shares at

Problem 9-21A (Algo) Ratio analysis LO 9-5 Selected data for Vernon Company

Problem 9-21A (Algo) Ratio analysis LO 9-5 Selected data for Vernon Company for Year 3 follows: Earnings (net income) Preferred stock (11,600 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,400 shares) Common (1,400 shares) Total stockholders' equity Required $ 181,000 $ 464,000 517,000 569,500 $1,550,500 $41,000 29,000 70,000 $1,480,500 a. Calculate the Vernon Company's earnings per share ratio, price-earnings ratio and return on equity ratio. (Rou calculations and final answers to 2 decimal places.) Earnings per share Price-earnings ratio Return on equity %

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