Question: Selected data for Putin Company for 2014 and additional information on industry averages follow. Earnings (net income) $ 195,600 Preferred stock (13,200 shares at $50
| Selected data for Putin Company for 2014 and additional information on industry averages follow. |
| Earnings (net income) | $ | 195,600 | ||||
| Preferred stock (13,200 shares at $50 par, 4%) | $ | 660,000 | ||||
| Common stock (45,000 shares no par, market value $56) | 510,000 | |||||
| Retained earnings | 562,500 | |||||
| $ | 1,732,500 | |||||
| Less: Treasury stock | ||||||
| Preferred (1,800 shares) | $ | 54,000 | ||||
| Common (1,800 shares) | 24,000 | 78,000 | ||||
| Total stockholders equity | $ | 1,654,500 | ||||
| Industry averages | |||
| Earnings per share | $ | 5.20 | |
| Price-earnings ratio | 9.50 | ||
| Return on equity | 11.20 | % |
| Required |
| a. | Calculate the Putin Companys ratios.(Roundyouranswers to 2 decimal places.) |
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