Question: Selected data for Putin Company for 2014 and additional information on industry averages follow. Earnings (net income) $ 183,000 Preferred stock (12,600 shares at $40
| Selected data for Putin Company for 2014 and additional information on industry averages follow. |
| Earnings (net income) | $ | 183,000 | ||||
| Preferred stock (12,600 shares at $40 par, 2%) | $ | 504,000 | ||||
| Common stock (43,700 shares no par, market value $60) | 518,000 | |||||
| Retained earnings | 581,500 | |||||
| $ | 1,603,500 | |||||
| Less: Treasury stock | ||||||
| Preferred (1,100 shares) | $ | 55,000 | ||||
| Common (1,100 shares) | 22,000 | 77,000 | ||||
| Total stockholders equity | $ | 1,526,500 | ||||
| Industry averages | |||
| Earnings per share | $ | 4.50 | |
| Price-earnings ratio | 11.40 | ||
| Return on equity | 11.40 | % | |
| Required |
| a. | Calculate the Putin Companys ratios. (Round intermediate calculations and final answers to 2 decimal places.) |
Price Earning Ratio _______ %
Return on Equity _________%
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