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Current Attempt in Progress Carla Vista linc. had net income for 2023 of $5,364,800....

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Accounting

Current Attempt in Progress
Carla Vista linc. had net income for 2023 of $5,364,800. The company had 2,160,000 of common shares outstanding throughout the
year. During 2023, Carla Vista paid dividends on the common shares of $0.10 per share. Average common shareholders' equity was
$31,300,000, and the market value of the shares on December 31,2023, was $18 per share.
Carla Vista Inc. also had 110,000 cumulative, $4, no par value preferred shares. The shares were outstanding for the full year, and
dividends had been kept current for the past several years.
Calculate the following ratios for Carla Vista Inc:
(a) Rate of return on equity.
(b) Payout ratlo.
(c) Price-earnings ratio.
(Round earnings per share in intermediate calculations to 3 decimal places, eg.1.246 and final answers to 2 decimal ploces, eg.15.25 or
15.25%)
(a) Rate of return on equity
%
(b) Payout ratio
%
(c) Price-earnings ratio
times
Attempts: 0 of 1 used
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