Essay
A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per share is $49.50. Cash dividends of
$19,500 were paid during the year. Calculate the following ratios for the company:
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(a) ($74,100 + $97,500)/$351,0...View Answer
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