The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 7% | $1,800,000 |
Preferred $5 stock, $100 par | 230,000 |
Common stock, $13 par | 110,630.00 |
Income before income tax was $264,600, and income taxes were $40,350 for the current year. Cash dividends paid on common stock during the current year totaled $102,120. The common stock was selling for $300 per share at the end of the year.
Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required.
a. Times interest earned ratio | times | |
b. Earnings per share on common stock | $ | |
c. Price-earnings ratio | ||
d. Dividends per share of common stock | $ | |
e. Dividend yield | % |
Times interest earned ratio = EBIT/Interest | ||
3.100 | times | |
Income before tax | 264600 | |
Less: Income Taxes | 40350 | |
Net Income | 224250 | |
Number of shares | 8510 | |
Earnings per share | 26.35135135 | per share |
P/E Ratio | 11.38461538 | times |
Dividend per share | 12.00 | per share |
Dividend yield | 4.00% |
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 10% $1,400,000 Preferred $10 stock, $50 par 74,000 Common stock, $9 par 71,928.00 Income before income tax was $252,000, and income taxes were $37,400 for the current year. Cash dividends paid on common stock during the current year totaled $39,960. The common stock was selling for $200 per share at the end of the year...
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 7% $1,000,000 Preferred $10 stock, $50 par 52,500 Common stock, $7 par 117,600.00 Income before income tax was $210,000, and income taxes were $31,500 for the current year. Cash dividends paid on common stock during the current year totaled $50,400. The common stock was selling for $120 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $1,000,000 Preferred $5 stock, $50 par 146,000 Common stock, $11 par 192,720.00 Income before income tax was $224,000, and income taxes were $34,200 for the current year. Cash dividends paid on common stock during the current year totaled $43,800. The common stock was selling for $100 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $1,300,000 Preferred $10 stock, $50 par 75,000 Common stock, 58 par 435,000.00 Income before income tax was $273,000, and income taxes were $40,500 for the current year. Cash dividends paid on common stock during the current year totaled $32,625. The common stock was selling for $40 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $900,000 Preferred $5 stock, $100 par $228,000 Common stock, $8 par $319,200.00 Income before income tax was $201,600, and income taxes were $30,600 for the current year. Cash dividends paid on common stock during the current year totaled $33,516. The common stock was selling for $28 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $1,900,000 Preferred $10 stock, $50 par 73,500 Common stock, $12 par 308,700.00 Income before income tax was $319,200, and income taxes were $47,250 for the current year. Cash dividends paid on common stock during the current year totaled $54,023. The common stock was selling for $70 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 9% $1,300,000 Preferred $5 stock, $50 par 162,000 Common stock, $11 par 133,650.00 Income before income tax was $304,200, and income taxes were $45,000 for the current year. Cash dividends paid on common stock during the current year totaled $54,675. The common stock was selling for $180 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following Bonds payable, 10% Preferred $5 stock, $50 par Common stock, $6 par Income before income tax was $390,000, and income taxes were $57,950 for the current year. Cash dividends paid on common stock during the current year totaled S55,647. The common stock was selling for $18 per share at the end of the year Determine each of...
17-21 Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 10% $1,700,000 Preferred $10 stock, $100 par 196,000 Common stock, $11 par 689,920.00 Income before income tax was $391,000, and income taxes were $57,800 for the current year. Cash dividends paid on common stock during the current year totaled $125,440. The common stock was selling for $50 per share at the end of the...
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $1,000,000 Preferred $10 stock, $50 par 43,000 Common stock, $10 par 795,500.00 Income before income tax was $198,000, and income taxes were $30,300 for the current year. Cash dividends paid on common stock during the current year totaled $21,479. The common stock was selling for $18 per share at the end of the year....