Rattigan Industries Reported Net Income (Amounts in Thousands)for Year 4

Essay

Rattigan Industries reported net income (amounts in thousands)for Year 4 of $60,615 on sales of $1,560,235.It declared preferred dividends of $22,100.Preferred shareholders'
equity totaled $265,750 at both the beginning and end of Year 4.Common shareholders' equity totaled $298,150 at the beginning of Year 4 and $365,000 at the end of Year
4.Rattigan had no minority interest in its equity.Total assets were $1,440,000 at the beginning of Year 4 and $1,550,000 at the end of Year 4.