Last year K. Billings worth & Co. had earnings per share of $4 and dividends per share of $2. Total retained earnings in
Posted: Sun Apr 10, 2022 8:45 am
Last year K. Billings worth & 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
year-end was $40. Billings worth has no preferred stock, and no new
common stock was issued during the year. If its year-end total debt
was $120 million, what was the company’s year-end total debt to the
total capital ratio?
Do not copy from answers and give complete answer with
explanation
$4 and dividends per share of $2. Total retained earnings increased
by $12 million during the year, while book value per share at
year-end was $40. Billings worth has no preferred stock, and no new
common stock was issued during the year. If its year-end total debt
was $120 million, what was the company’s year-end total debt to the
total capital ratio?
Do not copy from answers and give complete answer with
explanation