Question

Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Retained earnings, January 1 $917,775 $778,325 Net income 204,400 159,400 Total $1,122,175 $937,725 Dividends: On preferred stock $6,300 $6,300 On common stock 13,650 13,650 Total dividends $19,950 $19,950 Retained earnings, December 31 $1,102,225 $917,775 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ1 20Υ2 Sales $998,080 $1,083,320 Cost of goods sold 357,290 388,360 Gross profit $640,790 $694,960 Selling expenses $272,820 $219,180 POeck My Wrk 0 more Check My Work uses remaining

#15, 16, 17, 18 please!

Answer 1

15) Earning per share = Net Income - Preferred Dividend/ No. of common stock outstanding
Earning per share = (204400 - 6300)/21000	$         9.43
16)Price Earning Ratio = Market Price/EPS = $55/$9.43	$         5.83
17) Dividend per share = Common dividend/common stock outstand = 13650/21000	$         0.65
18) Dividend Yield = DPS/Market Price= $.65/$55	1.18%
* # of common stock outstanding = $210,000/$10 par	21000	shares