Reference no: EM132869533

Question - The balance sheet for XYZ Co. at the end of the current fiscal year indicated the following:

Bonds Payable, 7% $ 4,800,000

Preferred 3% stock, $45 par 3,100,000

Common Stock, $1 par 4,500,000

Other information includes:

Net Income before tax 3,480,000

Income tax expense 1,050,000

Cash dividends paid on common Stock 1,050,000

Market price for common stock, per share $ 37

Calculations:

Face Value of Bonds =

Annual Interest rate =

Annual Interest Expense =

Total Value of Preferred Stock par value =

Number of Preferred shares =

Annual total Preferred dividend Total Value of Common Stock par value =

Number of Common shares =

Required -

1. Compute the number of times bond interest charges are earned?

2. Compute the number of times preferred dividends are earned?

3. Compute the earnings per share on common stock?

4. Compute the Price-Earnings ratio?

5. Compute the dividends per share of common stock?

6. Compute the dividend yield?