The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the...

 

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The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $2,000,000 Preferred $10 stock, $100 par 212,000 Common stock, $7 par 100,912 Income before income tax expense was $448,000,and income taxes were $66,400 for the current year. Cash dividends paid on common stock during the current year totaled $50,456. The common stock was selling for $175 pe share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield QOQO % The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $2,000,000 Preferred $10 stock, $100 par 212,000 Common stock, $7 par 100,912 Income before income tax expense was $448,000,and income taxes were $66,400 for the current year. Cash dividends paid on common stock during the current year totaled $50,456. The common stock was selling for $175 pe share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield QOQO %

Answer rating: 100% (QA)

a Times interest earned ratio The times interest earned ratio is calculated by dividing the income before income tax expense by the interest expense H... View the full answer