Current Attempt in Progress Selected financlal infortnation for PharoahCorporation as of December are presented belaw...
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Accounting
Current Attempt in Progress Selected financlal infortnation for PharoahCorporation as of December are presented belaw Net sales and net income for 2014 were $405,000 and $32,400 respectively. Dividends of $3,600 were declared for conmon stockholders and $5,400 for preferred shareholders in 2014. Preferred stockhold ps' 4 equity is equal to 10% of toral stockhoiders equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, es. 2.12. Net sales and net income for 2014 were $405,000 and $32,400 respectively. Dividends of $3,600 were declared for coenmon stockholders and 55,400 for preferred shareholders in 2014 . Preferred stockholders' equityis cquai to 108 of total stockholders" equity. Compute the indicated ratios at December 31,2014 , or for the year ended December 31,2014 , as appropriate (Round anowers to 2 decimal places, eg. 2.12.) eTextbook and Media
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