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The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the following:Income before income tax was $1,000,000, and income taxes were $150,000, for the current year. Cash dividends paid on common stock during the current year totaled $200,000. The common stock was selling for $40 per share at the end of the year.

Determine each of the following. Round to one decimal place, except as indicated otherwise below.
a. Number of Times Bond Interest Charges Are Earned: times
b. Number of Times Preferred Dividends Are Earned: times
c. Earnings per Share on Common Stock: (Enter as dollars and cents.) $
d. Price-Earnings Ratio:
e. Dividends per Share of Common Stock: (Enter as dollars and cents) $
f. Dividend yield:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983310

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