Tugas Pengantar Akuntansi 2 : PROBLEM 17-4A

PROBLEM 17-4A

11. Number of times preferred dividends earned

            =               Net Income             

                 Dividends preferred stock

            = $ 68,000

               $ 15,000

            = 4.5

12. Ratio of  net sales to assets

            =    Net sales  

                Total assets   

            = $ 1,050,000

               $ 2,211,000

            = 0.5

13. Rate earned on total assets

            = Net income + interest expense  x 100%  

                          Average assets

            =            $ 68,000 + $ 96,000               x 100%

                 [($ 2,211,000 + $ 1,575,000) : 2]

            =   $ 164,000     x 100%

                $ 1,893,000

            = 8.7 %

14. Rate earned on stockholders’ equity

            =                Net income                  x 100%  

               Average Stockholders’ equity

            =                $ 68,000                       x 100%

               [($1,021,000 + $ 925,000) : 2]

            =    $ 68,000     x 100%

                  $ 973,000

            = 7%

15. Rate earned on common Stockholders’ equity

            =        Net income – preferred dividends          x 100%

                  Average common stockholders’ equity

            =     $ 68,000 - $ 15,000            x 100%

               [($ 771,000 - $ 725,000) : 2]

            =    $ 53,000      x 100%

                 $ 748,000

            = 7.1%