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Figure 16-4. Condensed Financial Statements for Black Company Appear Below

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Figure 16-4.
Condensed financial statements for Black Company appear below:
Figure 16-4. Condensed financial statements for Black Company appear below: There were 72,000 shares of common stock outstanding throughout the 2014. Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share of common stock was $54 at the end of 2014. The income tax rate is 30%. -Refer to Figure 16-4. Required: Calculate the following leverage ratios for 2014: Figure 16-4. Condensed financial statements for Black Company appear below: There were 72,000 shares of common stock outstanding throughout the 2014. Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share of common stock was $54 at the end of 2014. The income tax rate is 30%. -Refer to Figure 16-4. Required: Calculate the following leverage ratios for 2014: There were 72,000 shares of common stock outstanding throughout the 2014. Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share of common stock was $54 at the end of 2014. The income tax rate is 30%.
-Refer to Figure 16-4.
Required: Calculate the following leverage ratios for 2014:
Figure 16-4. Condensed financial statements for Black Company appear below: There were 72,000 shares of common stock outstanding throughout the 2014. Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share of common stock was $54 at the end of 2014. The income tax rate is 30%. -Refer to Figure 16-4. Required: Calculate the following leverage ratios for 2014:

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