A company's calendar-year financial data are shown below.The company had total assets of $339,000 and total equity of $144,400 for the prior year.No additional shares of common stock were issued during the year.The December 31 market price per share is $49.50.Cash dividends of $19,500 were paid during the year.Calculate the following ratios for the company:
(a)debt ratio
(b)equity ratio
(c)debt-to-equity ratio
(d)times interest earned
(e)total asset turnover
Definitions:
Profit Margin
A financial ratio representing the percentage of revenue that remains as profit after all expenses have been deducted.
ROA
Return on Assets; a financial ratio indicating the profitability of a company relative to its total assets.
Total Assets
The combined value of all owned resources that have economic value and can provide future benefits to the business.
Return On Assets
A profitability ratio that measures how efficiently a company uses its assets to generate profit.
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