Homework Answers
|
2019 |
2018 |
|
|
Times interest earned |
11.13 |
12.95 |
Times interest earned ratio = (income before income taxes + interest expense) / interest expense
2019 = (645179+63685)/63685 = 11.13
2018= (745497+62398)/62398 = 12.95
|
2019 |
2018 |
|
|
Earnings per share |
1.01 |
1.18 |
|
Return on common equity |
15.60% |
19.84% |
|
Dividend yield rate |
0.46% |
2.32% |
|
Dividend payout rate |
35.64% |
130.51% |
Earnings per share = (net income – preferred dividend)/average number of common shares outstanding
2019 = (391179-24000)/362202 = 1.01
2018 = (455497-24000)/364398 = 1.18
Return on common equity = (net income – preferred dividend)/ average common stockholders’ equity
Average common stockholders’ equity = (beginning stockholders’ equity + ending stockholders’ equity)/2
2019 = (391179-24000)/((2441293+2267627)/2) = 15.60%
2018 = (455497-24000)/((2267627+2083122)/2) = 19.84%
Dividend yield rate = dividend per share / market price per share
2019 = 0.36/78.42 = 0.46%
2018 = 1.54 /66.36 = 2.32%
Dividend pay-out ratio = dividend per share / earnings per share
2019 = 0.36/1.01 = 35.64%
2018 = 1.54/1.18 = 130.51%
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