Q 102

Using the balance sheets for Kellman Company, if net income is $150,000 and interest expense is $20,000 for Year 2, what is the return on stockholders' equity for Year 2?
A) 6.9%
B) 14.5%
C) 16.4%
D) 13.8%

Q 103

Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2?
A) $4.16
B) $4.32
C) $4.02
D) $2.49

Q 104

Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $20,000 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation to two decimal places and final answers to one decimal place.)
A) 7.5
B) 13.4
C) 12.1
D) 8.5