Determine for the current year the rate earned on total assets, rate earned on stockholders' equity, rate earned on common stockholders' equity, earnings per share on common stock, price-earnings ratio on common stock, and dividend yield on common stock. the current market price per share of common stock is $25.
- Current Year Preceding Year
- Current assets 745000 820000
- Property Plant and Equipment 1510000 1400000
- Current Liabilities 160000 140000
- Long term liabilities (12%) 400000 400000
- Preferred 10% stock 250000 250000
- Common Stock $25 par 1200000 1200000
- Retained Earnings:
- Beginning of year 240000 160000
- Net Income for year 95000 155000
- Preferred dividends declared (25000) (25000)
- Common dividends declared (70000) (60000)