Problem 9-21 Ratio analysis LO 9-5 Selected data for Solomon Company for 2018 follows Earnings...
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Problem 9-21 Ratio analysis LO 9-5 Selected data for Solomon Company for 2018 follows Earnings (net income) Preferred stock (11,900 shares at $40 par, 4%) Common stock (43,800 shares no par, market value $47) Retained earnings $ 181,000 476,000 522,000 570,500 51,568,500 Less: Treasury stock Preferred (1,700 shares) Common (1,700 shares) $47,000 24,000 71,000 $1,497,500 Total stockholders' equity Required a. Calculate the Solomon Company's ratios. (Round intermediate calculations and final answer to 2 decimal places.) Price-earnings ratio Return on equity
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