Business, 28.02.2020 05:47 AADJ4

The income statement for the Carolina Service Company for the year ended December 31, 2017, appears below. Includes $25,000 of interest expense and $20,000 of income tax expense. Additional information: Common stock outstanding on January 1, 2017, was 50,000 shares. On July 1, 2017, 10,000 more shares were issued. The market price of Carolina's stock was $22 at the end of 2017. Cash dividends of $35,000 were paid, $5,000 of which were paid to preferred stockholders. Compute the following ratios for 2017: (a) Earnings per share. (b) Price-earnings. (c) Times interest earned. (a) Earnings per share (b) Price-earnings (c) Times interest earned

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The income statement for the Carolina Service Company for the year ended December 31, 2017, appears...

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