The balance sheet for bearing industries inc at the end of

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Reference no: EM13602855

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) $1,500,000 Preferred $5 stock, $100 par 192,000 Common stock, $12 par 1,008,000 Income before income tax was $210,000, and income taxes were $32,400, for the current year. Cash dividends paid on common stock during the current year totaled $80,640. The common stock was selling for $24 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent.

a. Number of times bond interest charges are earned: times

b.Number of times preferred dividends are earned: times

c.Earnings per share on common stock: $ d.Price-earnings ratio: e.Dividends per share of common stock: $ f.Dividend yield: %

Reference no: EM13602855

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