The following information applies to Acorn Construction Company (ACC):
Information on the number of shares outstanding is provided below:
Required:Compute the following ratios for ACC for Year 2 and Year 1:(a)Number of times interest is earned(b)Earnings per share(c)Price-earnings ratio (Market prices: Year 2 $17.50 per share, Year 1 $15.00 per share)(d)Return on equity(e)Net margin

Question

The following information applies to Acorn Construction Company (ACC):
  Information on the number of shares outstanding is provided below:
  Required:Compute the following ratios for ACC for Year 2 and Year 1:(a)Number of times interest is earned(b)Earnings per share(c)Price-earnings ratio (Market prices: Year 2 $17.50 per share, Year 1 $15.00 per share)(d)Return on equity(e)Net margin

Quizplus · Accepted Answer

The Answer of The following information applies to Acorn Construction Company (ACC):
  Information on the number of shares outstanding is provided below:
  Required:Compute the following ratios for ACC for Year 2 and Year 1:(a)Number of times interest is earned(b)Earnings per share(c)Price-earnings ratio (Market prices: Year 2 $17.50 per share, Year 1 $15.00 per share)(d)Return on equity(e)Net margin

The Following Information Applies to Acorn Construction Company (ACC)