188. A company reports the following: Income before income tax $600,000 Interest expense $150,000 Determine the number of times interest charges are earned. Round your answer to one digit after the decimal place. 189. A company reports the following income statement and balance sheet information for the current year: Net income $ 180,000 Interest expense $ 20,000 Average total assets $2,000,000 Determine the rate earned on total assets. Round your answer to one digit after the decimal place. 190. A company reports the following: Net income $350,000 Preferred dividends $50,000 Average stockholders’ equity $1,000,000 Average common stockholders’ equity $800,000 Determine the (a) rate earned on stockholders’ equity, and (b) rate earned on common stockholders’ equity? Round your answer to one digit after the decimal place. 191. A company reports the following: Net income $250,000 Preferred dividends $ 10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $35.00 Determine the company’s earnings per share on common stock. 192. A company reports the following: Net income $270,000 Preferred dividends $ 10,000 Shares of common stock outstanding 20,000 Market price per share of common stock $36.40 Determine the company’s price-earnings ratio. Round your answer to one digit after the decimal place.

188. A company reports the following: Income before income tax $600,000 Interest expense $150,000 Determine the number of times interest charges are earned. Round...

188. A company reports the following:

Income before income tax	$600,000
Interest expense	$150,000

Determine the number of times interest charges are earned. Round your answer to one digit after the decimal place.

189. A company reports the following income statement and balance sheet information for the current year:

Net income	$ 180,000
Interest expense	$ 20,000
Average total assets	$2,000,000

Determine the rate earned on total assets. Round your answer to one digit after the decimal place.

190. A company reports the following:

Net income	$350,000
Preferred dividends	$50,000
Average stockholders’ equity	$1,000,000
Average common stockholders’ equity	$800,000

Determine the (a) rate earned on stockholders’ equity, and (b) rate earned on common stockholders’ equity? Round your answer to one digit after the decimal place.

191. A company reports the following:

Net income	$250,000
Preferred dividends	$ 10,000
Shares of common stock outstanding	20,000
Market price per share of common stock	$35.00

Determine the company’s earnings per share on common stock.

192. A company reports the following:

Net income	$270,000
Preferred dividends	$ 10,000
Shares of common stock outstanding	20,000
Market price per share of common stock	$36.40

Determine the company’s price-earnings ratio. Round your answer to one digit after the decimal place.

May 15, 2022

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188. A company reports the following: Income before income tax $600,000 Interest expense $150,000 Determine the number of times interest charges are earned. Round...

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