Reference no: EM131815731
Question - Six Measures of Solvency or Profitability
The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 7% (issued in 2002, due in 2022) $1,700,000
Preferred $10 stock, $50 par 65,500
Common stock, $6 par 74,670
Income before income tax was $309,400, and income taxes were $47,400, for the current year. Cash dividends paid on common stock during the current year totaled $74,670. The common stock was selling for $240 per share at the end of the year.
Determine each of the following.
a. Number of times bond interest charges are earned:
b. Number of times preferred dividends are earned:
c. Earnings per share on common stock:
d. Price-earnings ratio:
e. Dividends per share of common stock:
f. Dividend yield:
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