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Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented beBalance Sheets December 31 2016 Assets 2017 Current assets $60,300 68,300 116,100 122,700 367,400 603,300 $970,700 $64,500 50Compute the following ratios for 2017. (Weighted-average common shares in 2017 were 54,800.) (Round Earnings per share, Curre

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Answer #1

a) Earnings per share= Earning for equity shareholders/ Weighted average shares outstanding

= 190200/ 54800= 3.47 per share

h) Time interest earned= Earning before interest and tax/ Interest expense

= 289700/ 18900= 15.3 times

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