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