I really need help with this problem. Given below are three independent situations and...
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Accounting
I really need help with this problem.
Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2017, and (2) as of December 31, 2018, after giving effect to the situation. Net income for 2018 was $97,000. Total assets on December 31, 2018, were $1,358,000. (Round answers to 1 decimal place, e.g. 6.8 or 6.8% .)
(1) | 34,920 shares of common stock were sold at par on July 1, 2018. | Return on common stockholders equity | ||
(2) | All of the notes payable were paid in 2018. The only change in liabilities was that the notes payable were paid. | Debt to assets ratio | ||
(3) | Market price of common stock was $17 on December 31, 2017, and $24.83 on December 31, 2018. | Price-earnings ratio |
I need to calculate the return on common stockholders equity, debts to assets, and price earnings ratio. For 2017, and 2018.
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