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n/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSession

ID: 2541784 • Letter: N

Question


n/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator; eBook Calculator Instructions Questions 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield 96

Explanation / Answer

8 Ratio of fixed assets to long term liabilities 1.8 5760000/3200000 9 Liabilities to stockholders' equity 0.83 4080000/4944000 10 Times interest earned 8.73 1152000/132000 11 Asset Trunover 1.20 10850000/9024000 12 Return on total assets 6.65% 600000/9024000 13 Return on stockholders' equity 12.14% 600000/4944000 14 Return on common stockholders' equity 12.78% 600000/4694000 15 Earnings per share on common stock $6.00 600000/100000 16 Price earnings ratio 13.77 82.60/6.00 17 Dividend per share of common stock $1.00 100000/100000 18 Dividend Yield 1.21% 1/82.60 Working: 8 Fixed Assets 5760000 Long term liabilities 3200000 9 Total liabilities 4080000 Stockholders' equity 4944000 10 Inome before interest 1152000 Interest Expense 132000 11 Net Sales 10850000 Total Assets 9024000 12 Net income 600000 18 Dividend per share $1.00 Market price of common share $82.60