Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500
Selected data for Munoz Company for Year 3 follows: Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (44,400 shares no par, market value $57) Retained earnings Less: Treasury stock Preferred (1,600 shares) Common (1,600 shares) Total stockholders' equity Required a. Calculate the following ratios for Munoz Company. Note: Round intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 54,000 29,000 % $ 188,000 $ 476,000 520,000 563,500 1,559,500 83,000 $ 1,476,500
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Transcribed Image Text:Selected data for Munoz Company for Year 3 follows:
Earnings (net income)
Preferred stock (11,900 shares at $40 par, 4%)
Common stock (44,400 shares no par, market value $57)
Retained earnings
Less: Treasury stock
Preferred (1,600 shares)
Common (1,600 shares)
Total stockholders' equity
Required
a. Calculate the following ratios for Munoz Company.
Note: Round intermediate calculations and final answers to 2 decimal places.
Earnings per share
Price-earnings ratio
Return on equity
$ 54,000
29,000
%
$ 188,000
$ 476,000
520,000
563,500
1,559,500
83,000
$ 1,476,500
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