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Calculate return on assets and times interest earned

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Homework

Total current liabilities (non-interest-bearing) $450,000
Bonds payable, 6% (issued in 1982; due in 2010) 750,000
Preferred stock, 5%, 100 par 300,000
Common stock, $10 par 750,000
Premium on common stock 150, 000
Retained earnings 600,000

Income before income tax was $200,000, and income taxes were $80,000 for the current year.

Required:

Calculate each of the following:

a. Return on assets (using ending assets)
b. Return on total equity (using ending total equity)
c. Return on common equity (using ending common equity)
d. Times interest earned.

Reference no: EM131193936

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