The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Bonds payable, 10% (20-year term) $5,000,000 Preferred 10% stock, $100 par 1,000,000 Common stock, $10 par 2,000,000 Income before income tax was $1,500,000 and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year. Required: Determine each of the following: Round ratios and percentages to one decimal place, and monetary amounts to the nearest cent. 1. Times interest earned times 2. Earnings per share on common stock $ 3. Price-earnings ratio 4. Dividends per share of common stock $ 5. Dividend yield %

Explanation:

1) Interest expense = 5000000 × 10% = 500000

Times interest earned = Income before interest and tax / Interest expense = (1500000+500000) / 500000 = 4 Times

2) Earning per share of Common Stock = (Income after tax-Income tax-preferred dividend) / Share outstanding = (1500000-200000-100000 ) / 200000 = 6 per share

3) Price earning ratio = 75 / 6 = 12.50 times

4) Dividend per share of Common Stock = 150000 / 200000 = 0.75 per share

5) Dividend yield = 0.75 / 75 = 1%

TIE 4

Common Stock Earning per Share = 6

Dividends per share = 0.75

Dividends yield 1%

Explanation:

Interest expense:

5,000,000 bonds value x 10% rate = 500,000 interest expense

Earnings before interest and taxes:

IBT + interest expense = 1,500,000 + 500,000 = 2,000,000

TIE: interest before interest / interest expense

   2,000,000 / 500,000 = 4

preferred stock dividends:

1,000,000 x 10% = 100,000

net income - preferred divideds:

1,300,000 - 100,000 = 1,200,000 earnigns for comon stock:

common stock outstanding:

2,000,000 / $10 each = 200,000

Earning per share: 1,200,000 / 200,000 = 6.00

Dividends per share: 150,000 / 200,000 = 0.75

Dividend yield: dividend per share / price of ommon stock

0.75 / 75 = 0.01

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer: yo mama

explanation: yo mama