Selected data for Dalton Company for 2018 follows: Earnings (net income) $ 97,800 Preferred stock (13,200 shares
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Selected data for Dalton Company for 2018 follows: Earnings (net income) $ 97,800 Preferred stock (13,200 shares at $25 par, 4%) $ 330,000 Common stock (45,000 shares no par, market value $28) 255,000 Retained earnings 281,250 $ 866,250 Less: Treasury stock Preferred (1,800 shares) $ 27,000 Common (1,800 shares) 12,000 39,000 Total stockholders’ equity $ 827,250 Calculate the Dalton Company’s ratios (Round your answers to 2 decimal places.)
What is the price to earnings ratio?
Return on equity?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Olds
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