Reference no: EM132438267
Question - Five 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, 10% - $1,500,000
Preferred $10 stock, $100 par - 128,000
Common stock, $10 par - 87,040
Income before income tax was $270,000, and income taxes were $39,600, for the current year. Cash dividends paid on common stock during the current year totaled $39,168. The common stock was selling for $300 per share at the end of the year.
Determine each of the following -
a. Times interest earned ratio
b. Earnings per share on common stock
c. Price-earnings ratio
d. Dividends per share of common stock
e. Dividend yield
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Question - Five Measures of Solvency or Profitability
: Income before income tax was $270,000, and income taxes were $39,600, for the current year. Determine the earnings per share on common stock
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