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ThatDudeLv1
25 Jul 2022
***URGENT*** please answer…….instructions are there
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year, A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $ 0.75 last year and $ 0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account.
Required:
Compute the following financial ratios for this year:
1. Times interest earned ratio.
2. Debt-to-equity ratio.
3. Equity multiplier.
(For all requirements, round your answers to 2 decimal places.)
1. Times interest earned ratio.
2. Debt-to-equity ratio.
3. Equity multiplier.
***URGENT*** please answer…….instructions are there
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year, A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $ 0.75 last year and $ 0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account.
Required:
Compute the following financial ratios for this year:
1. Times interest earned ratio.
2. Debt-to-equity ratio.
3. Equity multiplier.
(For all requirements, round your answers to 2 decimal places.)
1. Times interest earned ratio. | |
2. Debt-to-equity ratio. | |
3. Equity multiplier. |
annyong558Lv10
25 Nov 2023
rupakrajput5Lv3
26 Jul 2022
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