Figure 16-2. Financial Statements for Grange Company Appear Below

question 49

Essay

Figure 16-2.
Financial statements for Grange Company appear below:
Dividends during 2012 totaled $127,000,of which $5,000 were preferred dividends.
The market price of a share of common stock on December 31,2012,was $100.
Refer to Figure 16-2.
Required: Compute the following leverage ratios for 2012:

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