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Selected data for Dalton Company for 2018 follows: Earnings (net income) $ 97,800 Preferred stock...

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Accounting

Selected data for Dalton Company for 2018 follows: 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 Calculate the Dalton Companys ratios (Round your answers to 2 decimal places.) What is the price to earnings ratio? Return on equity?

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