Essay
The following information is taken from the financial statements of B.Darin Company:
Expenses include interest of $10,000 and income tax of $90,000.There was an average of 40,000 shares of common stock outstanding during the year and the market price of the stock is $15 per share at the end of the year.There was no preferred stock outstanding during the year.
Required:
Calculate the following ratios for the current year:
Part a.Fixed asset turnover
Part b.Return on equity (ROE)
Part c.Earnings per share (EPS)
Part d.Times interest earned
Part e.Price/Earnings ratio
Part f.Debt-to-assets ratio?Part g.Net profit margin
Correct Answer:
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Part a
Average total assets = ($600,000 ...View Answer
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Correct Answer:
Verified
Average total assets = ($600,000 ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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