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For the most recent year, Seether, Inc., had sales of $437,000, cost of goods sold of $219,400, depreciation expense of $59,100, and additions to retained earnings of $51,300. The firm currently has 22,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.35.
Required:
Assuming a 30 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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Year-to-date, Company O had earned -2.10% return. During the same time period Company V earned 8.00% and Company M earned 6.25%. If you have a portfolio made up of 40.00% Company O, 30.00% Company V, and 30.00% Company M, what is the overall portfoli..
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