DEBT RATIO Last year K. Billingsworth & Co. had earnings per share of $4 and dividends per...
DEBT RATIO Last year K. Billingsworth & Co. had earnings per share of $4 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at yearend was $40. Billingsworth has no preferred stock, and no new common stock was issued during the year. If its yearend total debt was $120 million, what was the company’s yearend debt/assets ratio?
Jul 27 2020 View more View Less
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