Dr. Jones is interested in expanding his practice by adding a piece of radiology equipment. The basic

Here is the income statement for Metlock, Inc. METLOCK, INC. Income Statement For the Year Ended December 31, 2020 Sales revenue

ruslelena [56]

Answer and Explanation:

The formula and the computations are shown below:

(a) Earnings per share = ( Net Income - Preference stock dividend) ÷ (Weighted average number of outstanding shares )

= ($159,200 - $4,900) ÷ (22,400 shares + 37,300 shares) ÷ 2

= $154,300 ÷ 29,850 shares

= $5.169

= $5.17

(b) Price earnings ratio = Price ÷ Earning per share

= $13 ÷ $5.17

= 2.51 Times

(c) Payout ratio = Dividend paid to equity share holders ÷ net income

= ($22,600 - $4,900 ) ÷ ($159,200)

= $17,700 ÷ $159,200

= 11.118 %

= 11.12%

(d) Times interest earned = Earnings before interest and tax ÷ Interest expense

= ($159,200 + $11,700 + 29,700) ÷ ($11,700 )

= 17.145

= 17.15 Times

We simply applied the above formulas to determine the each ratios

7 0

3 years ago

For the following transaction, determine whether cash flows from operating activities will increase, decrease, or remain the sam

grandymaker [24]

In case collected cash from a customer is for services that will be performed in the next accounting period the cash flow from operating activities will increase.

The cash flow from operating activities will increase cash flow in the period of receipt itself as it will result in an increase in the cash balance of the organization In case collected cash from a customer is for services that will be performed in the next accounting period.

If the balance of an asset will increase, cash float from operations will be lower. If the stability of an asset decreases, cash flow from operations will boom. If the balance of liability will increase, cash flows with the flow from operations will grow. If the balance of a liability decreases, cash flows with the flow from operations will decrease.

An accounting period, in bookkeeping, is the length with reference to which control accounts and economic statements are organized. In management accounting, the accounting length varies extensively and is decided with the aid of management. monthly accounting durations are common.

Learn more about accounting here brainly.com/question/26690519

#SPJ4

8 0

2 years ago

All of the following issues can be addressed by a faculty member at your high school except

Orlov [11]

The issues are as follows:

1) nutrition.

2) financial aid.

3) hearing and vision tests.

4) legal help.

The issue that cannot be addressed by the faculty members at the high school is the legal help.

Fourth option is the correct answer.

<h3>What is meant by a high school?</h3>

A high school is the place where the students are studying in the grades from 9th to 12th.

The faculty members of the high school are addressing the issues relating to financial assistance, testing of hearing and eye vision and the nutritional requirements.

Therefore, the legal help being the issue which could not be addressed by faculty members in the high school.

Learn more about the faculty members in the related link:

brainly.com/question/11920261

#SPJ1

7 0

2 years ago

Fred promises barney $25,000 to not open his proposed business in the same city. they sign a contract stating that fred promises

Vlad1618 [11]

Fred will either have to pay more than he proposed or Barney would be able to open his business in the same city

7 0

3 years ago

The decision to accept an additional volume of business should be based on a comparison of the revenue from the additional busin

musickatia [10]

Answer:

false

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. it should not be considered when making future decisions

7 0

3 years ago