(Answered) Problemselected data for putin company for 2014 and

Accounting

Problem

Selected data for Putin Company for 2014 and additional information on industry averages follow.

Earnings (net income)		195,600
Preferred stock (13,200 shares at $50 par, 4%)		660,000
Common stock (45,000 shares no par, market value $56)		510,000
Retained earnings		562,500
		1,732,500
Less: Treasury stock
Preferred (1,800 shares)	54,000
Common (1,800 shares)	24,000	78,000
Total stockholders' equity		1,654,500

Industry averages
Earnings per share	5.20
Price-earnings ratio	9.50
Return on equity	11.20%

Required

a. Calculate the Putin Company's ratios. (Round your answers to 2 decimal places.)

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