Selected data for Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % $ 193,000 $ 387,000 529,000 578,500 $1,494,500 Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500

Selected data for Walton Company for 2018 follows: Earnings (net income) Preferred stock (12,900 shares at $30 par, 6%) Common stock (44,300 shares no par, market value $46) Retained earnings Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) Total stockholders' equity Price-earnings ratio Return on equity $55,000 21,000 % $ 193,000 $ 387,000 529,000 578,500 $1,494,500 Required a. Calculate the Walton Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) 76,000 $1,418,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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