Figure 16-4.
Condensed financial statements for Black Company appear below:
There were 72,000 shares of common stock outstanding throughout the 2012.Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000.The market value of a share of common stock was $54 at the end of 2012.The income tax rate is 30%.
Refer to Figure 16-4.
Required: Calculate the following profitability ratios for 2012.

Question

Figure 16-4.
Condensed financial statements for Black Company appear below:
   There were 72,000 shares of common stock outstanding throughout the 2012.Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000.The market value of a share of common stock was $54 at the end of 2012.The income tax rate is 30%.
Refer to Figure 16-4.
Required: Calculate the following profitability ratios for 2012.

Quizplus · Accepted Answer

The Answer of Figure 16-4.
Condensed financial statements for Black Company appear below:
   There were 72,000 shares of common stock outstanding throughout the 2012.Dividends on common stock amounted to $320,400 and dividends on preferred stock amounted to $45,000.The market value of a share of common stock was $54 at the end of 2012.The income tax rate is 30%.
Refer to Figure 16-4.
Required: Calculate the following profitability ratios for 2012.

Figure 16-4. Condensed Financial Statements for Black Company Appear Below