Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $184,000 $ 620,008 527,000 576,500 1,723,500 80,000 $ 1,643,500

Name: Selected data for Thornton Company for Year 3 follows:Earnings (net i
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Description: Selected data for Thornton Company for Year 3 follows:Earnings (net income)Preferred stock (12,400 shares at $50 par, 4%)Common stock (44,600 shares no par, market value $47)Retained earningsLess: Treasury stockPreferred (1,900 shares)Common (1,900

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.16E

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