Reference no: EM133021559
Question - Five Measures of Solvency or Profitability - The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 6% $1,500,000
Preferred $5 stock, $50 par $182,000
Common stock, $12 par $163,800.00
Income before income tax was $342,000, and income taxes were $50,800 for the current year. Cash dividends paid on common stock during the current year totaled $43,680. The common stock was selling for $160 per share at the end of the year.
Required -
a. Determine the times interest earned ratio?
b. Determine the earnings per share on common stock?
c. Determine the price-earnings ratio?
d. Determine the dividends per share of common stock?
e. Determine the dividend yield?
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What is your best guess as to the rate of return
: If the market return this year turns out to be 8 percentage points below expectations, what is your best guess as to the rate of return on the stock
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Record a journal entry for the original transaction
: For the transactions above, record a journal entry for the original transaction and record the required year-end adjustment
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Calculate the profit of the company month by month
: Calculate the profit of the company month by month and in total for the quarter using absorption costing and then marginal costing
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Determine the amount of dividends
: Determine the amount of dividends that was paid each year (2015-2019) for the preference shareholders and ordinary shareholders
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Determine the earnings per share on common stock
: Income before income tax was $342,000, and income taxes were $50,800 for the current year. Determine the earnings per share on common stock
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What price will the company charge
: What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 150%
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How many units were completed and transferred
: Department 2 had 4000 units, which were 20 percent are to conversion costs. How many units were completed and transferred from Department 2
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Find the number of equivalent units of production
: Material cost was $15,400., direct labor was $32,450 and factory overhead was $18,710. Find the number of equivalent units of production
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How much is the book value of the equipment
: After two years, the fair value of the equipment is $82,000. How much is the book value of the equipment at the end of the second year
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