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Cornerstones of Financial Accounti...
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Cornerstones of Financial Accounti...
CONTINUING PROBLEM: FRONT ROW ENTERTAINMENT
The income statement and consolidated balance sheets for Front Row Entertainment follow.
Additional information:
• The market price of the common shares at the end of the W is $17.55 r share.
• The average number of common shares outstanding for 2020 is 16,400.
• The dividends are common share for 2020 were $25000. such is approximately $1.45 r share (S25.00W17.300 common shares). The 17.300 shares can be cakubtcd from information in Chapter 10(16.000 shares at Jan. I. 2020 + 2.000 shares issued on June IS. 2020 - 700 shares repurchased on July 10.2020).
• Common stock repurchases for 2020 were Shown. This is taken from Chapter 10 as 700 common shares repurchased as treasury stock at a cost of $16 r share.
• (ash flows used in operating activities for 2020 re ($77.783).
• Preferred dividends for 2020 re SO.
Now: Round all answers to two decimal places.
Introduction:
A Debt-management ratio is a ratio of a company’s debt to its total financing.
This ratio measures the part of a company’s operations that is financed by debt as compared to other forms of financing. It shows the relation between debt and total liabilities. A higher debt ratio is 0.6 or more.
The Debt-management ratio is classified into interest covered ratio, long-term debt to equity, debt to equity, long-term debt to assets, and debt to total assets ratio.
To compute:
The debt-management ratio.
Interest covered ratio =
Long-term Debt to equity ratio =
Debt to equity ratio =
Chapter 12 Solutions
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