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Question - The Balance Sheets of Lopez Company at the end of each of the first two years of operations indicate the following: (in thousands)
2011
2010
Total Current Assets
P600
P560
Total Investments
60
40
Total PPE
900
700
Total Current Liabilities
150
80
Total Long term Liabilities
350
250
Preferred 9% stock, 100 par
100
Common stocks, 10 par
600
APIC in excess of PAR-common
Retained Earnings
300
210
Net Income is P 115,000.00 and interest expense is P30,000.00 for 2011.
Required -
1. What is the rate of return on equity for 2011?
2. What is the Earnings per share on common stocks for 2011?
3. If the Price earnings ratio is 17:1, What is the market value per share of common stock?
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