Essay
Vogelsberg Corporation has provided the following financial data:
The company's net operating income in Year 2 was $62,308; its interest expense was $12,000; and its net income was $32,700. Dividends on common stock during Year 2 totaled $2,700. The market price of common stock at the end of Year 2 was $6.37 per share.Required:a. What is the company's times interest earned ratio for Year 2?b. What is the company's debt-to-equity ratio at the end of Year 2?c. What is the company's equity multiplier at the end of Year 2?d. What is thecompany's earnings per share for Year 2?e. What is the company's price-earnings ratio for Year 2?f. What is thecompany's dividend payout ratio for Year 2?g. What is thecompany's dividend yield ratio for Year 2?h. What is the company's book value per share at the end of Year 2?
Correct Answer:
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a.Times interest earned ratio = Earnings...View Answer
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