Question

Calculate EPS (Earnings per share) based on the given below Sales $ 1,500 COGS 450 Interest...

  1. Calculate EPS (Earnings per share) based on the given below

Sales

$ 1,500

COGS

450

Interest Paid

30

Preferred dividends

90

Number of common stock

105
  1. Randy’s company has $ 180 million in total assets, $ 35 million in notes payable, and $31 million in long term debt. Calculate debt ratio?
  2. What does debt ratio measures?
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Homework Answers

Answer #1

Earning per share = Net income available to equity shareholders/No.of shares outstanding

Calculation of Net income available to equity shareholders:

Particulars Amount
Sales 1500
COGS (450)
Interest paid (30)
Preferred dividends (90)
Net income available to equity shareholders 930

Number of common stock = 105

Earning per share = 930/105

= 8.86

Debt ratio = Short term debt+Long term debt/Total assets

Short term debt = 35 million

Long term debt = 31 million

Total assets = 180 million

Debt ratio = 35 million + 31 million/180 million

= 66 million/180 million

= 0.36

Debt ratio usually measures the company's leverage. It is expressed as ratio of total debt to total assets.

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