Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. net sales income before interest and taxes net inc

Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity,...

90.2K

Verified Solution

Question

Accounting

image

Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $191,000) Common stock, December 31 $422,000 119,000 55,560 8,650 314,000 210,000 $269,000 75,000 63,200 7,500 240,000 231,000 The average number of shares outstanding was 7,810 for 2018 and 6,880 for 2017 Required Compute the following ratios for Finch for 2018 and 2017. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers to 2 decimal places.) c. Price-earnings ratio (market prices: 2018, $65 per share; 2017, $77 per share). (Do not round intermediate calculations. Round your answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) e. Net margin. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) 2018 2017 times times a. Interest earned b. Earnings per share c. Price-earnings ratio d. Return on equity e. Net margin times times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

9 Decide if the statement below is always sometimes or never true Never true Never...

Finance
1.2K views

Long two calls at 115, short a put at 130, short a share of stock. (Please include...

Basic Math
1.2K views

(i) Find the cylinder inscribed in a sphere with radius one with the largest surface area.

Medical Sciences
1.2K views

1. Which of these is an organic compound? CO2, KCL, H2O, DNA 2.A young mother is in the hospital delivery...

Finance
1.2K views

You believe that 6 months from now, the 12-month treasury spot rate will be 7.00%. You...

Physics
1.2K views

CALC- A web page designer creates an animation in which a dot on a computer screen...

Biology
1.2K views

What taxonomic group comes below the phylum? What two taxonomic names are uniquely given to...

Physics
1.2K views

space at points L 0 and L 0 Another particle with mass m and charge...

Basic Math
1.2K views

On the planet Maximillian live Sprogs and Graks. Initially there were 2400 sprogs and 300...

Accounting
1.2K views

Grealish Co is a retailer of ladies clothing and accessories and...

Accounting
1.2K views

QUESTION 40 Use the attached enterprise budget for cotton to calculate breakeven price...

Finance
1.2K views

6. How much life insurance is needed for a person with an annual income of...