Question
In: Accounting
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following:
| Bonds payable, 7% | $1,800,000 |
| Preferred $10 stock, $100 par | 173,000 |
| Common stock, $7 par | 1,029,350.00 |
Income before income tax was $365,400, and income taxes were $54,000, for the current year. Cash dividends paid on common stock during the current year totaled $79,407. The common stock was selling for $18 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 | % |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
The balance sheet for Garcon Inc. at the end of the current
fiscal year indicated the following: Bonds payable, 7% $1,800,000
Preferred $10 stock, $50 par 141,500 Common stock, $15 par
2,759,250.00 Income before income tax was $466,200, and income
taxes were $70,000 for the current year. Cash dividends paid on
common stock during the current year totaled $101,173. The common
stock was selling for $22 per share at the end of the year.
Determine each of the following. Round...
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
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
$56,500
Common stock, $6 par
$440,700.00
Income before income tax was $186,000, and income taxes were
$27,800 for the current year. Cash dividends paid on common stock
during the current year totaled $48,477. The common stock was
selling for $22 per share at the end of the year.
Determine each of the following. Round...
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
The balance sheet for Garcon Inc. at the end of the current
fiscal year indicated the following:
Bonds payable, 8%
$2,000,000
Preferred $5 stock, $100 par
$380,000
Common stock, $7 par
$93,100.00
Income before income tax was $336,000, and income taxes were
$51,000 for the current year. Cash dividends paid on common stock
during the current year totaled $31,920. The common stock was
selling for $160 per share at the end of the year.
Determine each of the following. Round...
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
The balance sheet for Garcon Inc. at the end of the current
fiscal year indicated the following:
Bonds payable, 6%
$1,100,000
Preferred $10 stock, $50 par
44,000
Common stock, $14 par
431,200.00
Income before income tax was $191,400, and income taxes were
$28,600, for the current year. Cash dividends paid on common stock
during the current year totaled $21,560. The common stock was
selling for $35 per share at the end of the year.
Determine each of the following. Round...
The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the...
The balance sheet for Garcon Inc. at the end of the current
fiscal year indicated the following:
Bonds payable, 6%
$1,800,000
Preferred $10 stock, $100 par
104,000
Common stock, $11 par
529,100.00
Income before income tax was $237,600, and income taxes were
$34,800 for the current year. Cash dividends paid on common stock
during the current year totaled $42,328. The common stock was
selling for $44 per share at the end of the year.
Determine each of the following. Round...
The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated...
The balance sheet for
Bearing Industries Inc. at the end of the current fiscal year
indicated the following:
Bonds payable, 10% (issued in 2006, due in 2026)
$1,700,000
Preferred $10 stock, $50 par
63,000
Common stock, $12 par
1,134,000
Income before income
tax was $238,000, and income taxes were $36,400, for the current
year. Cash dividends paid on common stock during the current year
totaled $41,580. The common stock was selling for $22 per share at
the end of the...
The balance sheet for Seuss Company at the end of the current fiscal year indicated the...
The balance sheet for Seuss Company at the end of the current
fiscal year indicated the following:
Bonds payable, 10% (20-year term)
$5,000,000
Preferred 10% stock, $100 par
1,000,000
Common stock, $10 par
2,000,000
Income before income tax was $1,500,000, and income taxes were
$200,000 for the current year. Cash dividends paid on common stock
during the current year totaled $150,000. The common stock sells
for $75 per share at the end of the year.
Required:
Determine each of the...
The balance sheet for Seuss Company at the end of the current fiscal year indicated the...
The balance sheet for Seuss Company at the end of the current
fiscal year indicated the following:
Bonds payable, 10% (20-year term)
$5,000,000
Preferred 10% stock, $100 par
1,000,000
Common stock, $10 par
2,000,000
Income before income tax was $1,500,000, and income taxes were
$200,000 for the current year. Cash dividends paid on common stock
during the current year totaled $150,000. The common stock sells
for $75 per share at the end of the year.
Required:
Determine each of the...
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of...
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%
$900,000
Preferred $5 stock, $50 par
$72,000
Common stock, $9 par
$44,064.00
Income before income tax was $153,000, and income taxes were
$23,400 for the current year. Cash dividends paid on common stock
during the current year totaled $12,876. The common stock was
selling for $175 per share at the end of the year....
Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of...
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%
$1,500,000
Preferred $5 stock, $50 par
$246,000
Common stock, $8 par
$106,272.00
Income before income tax was $420,000, and income taxes were
$63,300 for the current year. Cash dividends paid on common stock
during the current year totaled $99,630. The common stock was
selling for $250 per share at the end of the year....
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