Net income is P115 000 and interest expense is P30 000 for 2014. 1. What is the rate earned on total assets for 2014?2. What is the rate earned on stockholders' equity for 20143. What is the earnings per share on common stock for 2014?4. If the market price is P30, what is the P/E ratio for the common stock? Problem 1. The Balance Sheet of 3A7 Corporation at the end of the firstyears of operations indicate the following:2013600 0002014560 000Total current assetsTotal investmentsTotal PPE60 00040 000900 000700 000Total assets1560 000 1300 000Total current liabilities150 00080 000Total long term liabilitiesPreferred 9% stock, P100 parCommon stock, P10 parAPIC in excess of common stock's par 60 000 60 000Retained earningsTotal liabilities and equity350 000250 000100 000100 000600 000600 000300 000210 0001560 0001300 000

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Description: Net income is P115 000 and interest expense is P30 000 for 2014. 1. What is the rate earned on total assets for 2014?2. What is the rate earned on stockholders' equity for 20143. What is the earnings per share on common stock for 2014?4. If the marke

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at is the rate earned on total assets for 2014? 2. What is the rate earned on stockholders' equity for 2014 3. What is the earnings per share on common stock for 2014? 4. If the market price is P30, what is the P/E ratio for the comm

at is the rate earned on total assets for 2014? 2. What is the rate earned on stockholders' equity for 2014 3. What is the earnings per share on common stock for 2014? 4. If the market price is P30, what is the P/E ratio for the comm

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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