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Problem
Selected data for Putin Company for 2014 and additional information on industry averages follow.
Earnings (net income)
195,600
Preferred stock (13,200 shares at $50 par, 4%)
660,000
Common stock (45,000 shares no par, market value $56)
510,000
Retained earnings
562,500
1,732,500
Less: Treasury stock
Preferred (1,800 shares)
54,000
Common (1,800 shares)
24,000
78,000
Total stockholders' equity
1,654,500
Industry averages
Earnings per share
5.20
Price-earnings ratio
9.50
Return on equity
11.20%
Required
a. Calculate the Putin Company's ratios. (Round your answers to 2 decimal places.)
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HAMPTON CORPORATION Balance Sheet December 31, 2011 Cash $ 24,600 Accounts payable $ 25,600 Accounts receivable 45,500 Common stock ($10 par) 80,000 Allowance for doubtful accounts (1,500) Retained earnings 127,400 Supplies 4,400 Land 40,000 Build..
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