Katlyn Hanley 23-28.xlsx - 23-28 Name Katlyn Hanley Enter...

This preview shows page 1 - 4 out of 4 pages.

23-28Name:Katlyn HanleyEnter the appropriate amounts/formulas in the blue-shaded cells. The word “Wrong” will appear to the left of incorrect entries.1.Return on equity:20152014Common stock, $1 par$ 250,000 $ 220,000 Additional paid-in capital2,000,000 1,430,000 Retained earnings250,000 150,000 Total equity$ 2,500,000 $ 1,800,000 Net income$190,000$110,000Total equity$ 2,500,000 $ 1,800,000 Return on equity7.6%6.1%2.Times interest earned:201520148% bonds payable$ 800,000 $ 800,000 Interest expense$ 64,000 $ 64,000 Net income$ 190,000 $ 110,000 Add back interest expense64,000 64,000 Earnings before interest$ 254,000 $ 174,000 Earnings before interest$254,000$174,000Interest expense$64,000$64,000Times interest earned4.0times 2.7times 3.Earnings per share:20152014Net income$190,000$110,000Numer of shares250,000220,000Earnings per share$0.76$0.504.Dividend payout ratio:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture