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  3. earnings (net income) $ 97,800 preferred stock (13

Earnings (net income) $ 97,800 Preferred stock (13,200 shares at $25 par, 4%) $ 330,000...

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Accounting

Earnings (net income) $ 97,800 Preferred stock (13,200 shares at $25 par, 4%) $ 330,000 Common stock (45,000 shares no par, market value $28) 255,000 Retained earnings 281,250 $ 866,250 Less: Treasury stock Preferred (1,800 shares) $ 27,000 Common (1,800 shares) 12,000 39,000 Total stockholders equity $ 827,250 Required a. Calculate Dalton Companys earnings per share ratio, price-earnings ratio and return on equity ratio

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