Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 184,000 Preferred stock (13,000 shares at $50 par, 6%) $ 650,000 Common stock (44,000 shares no par, market value $47) 517,000 Retained earnings 570,500 1,737,500 Less: Treasury stock Preferred (1,600 shares) $ 52,000 Common (1,600 shares) 27,000 79,000 Total stockholders' equity $ 1,658,500 Required a. Calculate the following ratios for Adams Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earning per share price earning ratio return on equity
Selected data for Adams Company for Year 3 follows: Earnings (net income) $ 184,000 Preferred stock (13,000 shares at $50 par, 6%) $ 650,000 Common stock (44,000 shares no par, market value $47) 517,000 Retained earnings 570,500 1,737,500 Less: Treasury stock Preferred (1,600 shares) $ 52,000 Common (1,600 shares) 27,000 79,000 Total stockholders' equity $ 1,658,500 Required a. Calculate the following ratios for Adams Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earning per share price earning ratio return on equity
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.16E
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![Selected data for Adams Company for Year 3 follows:
Earnings (net income) $ 184,000 Preferred stock (13,000
shares at $50 par, 6%) $ 650,000 Common stock (44,000
shares no par, market value $47) 517,000 Retained earnings
570,500 1,737,500 Less: Treasury stock Preferred (1,600
shares) $ 52,000 Common (1,600 shares) 27,000 79,000
Total stockholders' equity $ 1,658,500 Required a. Calculate
the following ratios for Adams Company. Note: Round
intermediate calculations and final answers to 2 decimal
places. Earning per share price earning ratio return on
equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ea2bb55-70aa-4113-8bc3-facd2f0d4c21%2Fac7d3a7b-81ae-4ded-a8e7-dbbcf228c797%2Fneg9bvb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Selected data for Adams Company for Year 3 follows:
Earnings (net income) $ 184,000 Preferred stock (13,000
shares at $50 par, 6%) $ 650,000 Common stock (44,000
shares no par, market value $47) 517,000 Retained earnings
570,500 1,737,500 Less: Treasury stock Preferred (1,600
shares) $ 52,000 Common (1,600 shares) 27,000 79,000
Total stockholders' equity $ 1,658,500 Required a. Calculate
the following ratios for Adams Company. Note: Round
intermediate calculations and final answers to 2 decimal
places. Earning per share price earning ratio return on
equity
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