Answer: 42%
Explanation:
Liabilities= assets-stockholders equity, the debt ratio formula is= (liabilities/ assets)
We solve, ( $910,000-$530,000)=$380,000
$380,000/$910,000= 42%
Answer:
The correct answer is letter "D": Money market account.
Explanation:
A money market account is an interest-bearing account that <em>pays a higher interest rate than a savings account</em> and gives the account holder limited check-writing ability. It combines the benefit of savings and checking accounts but usually <em>requires account holders to maintain a higher minimum balance</em> in exchange for the higher interest rate.
Answer:
Just here to keep the question going
Explanation:
Answer:
the earnings per share is $1.81 .
Explanation:
<em>Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding</em>
Therefore,
Earnings per Share = $724,000,000 ÷ 400,000,000
= $1.81
Answer: $3500
Explanation:
Preferred stock:
Number of shares = 1000
Par value = $50
4.5% cumulative
Common stock:
Number of shares = 10000
Par value = $10
Total first-year cash dividend paid = $1000
The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:
Preferred Stock dividend = 1000 × 0.045 × 50 = $2250
Unpaid dividend from year 1 = $2250 - $1000 = $1250
Year 2 dividend = $2250
Total dividend due in year 2 = $(1250 + 2250) = $3500