On December 31 . 2014 and 2015, Williams Corporation had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding. Additional information: Stockholders' equity at 12/31/2015 ................... $4,500,000 Net income year ended 12/31/2015 ..................... 1,200,000 Dividends on preferred stock year ended 12/31/2015 ... 300,000
Market price per share of common stock at 12/31/2015 . 144 The price-earnings ratio on common stock at December 31 . 2015, was
a. 10 to 1.
b. 12 to 1.
c. 14 to 1.
d. 16 to 1.
D
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The following contains information from the records of the Balfor Architecture Firm
Balfor Architecture Firm Selected Financial Information December 31, 2017 Current Assets $80,000 Current Liabilities 42,000 Long-Term Assets 95,000 Long-Term A) The company has $2.42 of current assets for every $1.00 of liabilities. B) The company has $1.90 of current assets for every $1.00 of current liabilities. C) The company has $1.58 of current assets for every $1.00 of liabilities. D) The company has $0.62 of current assets for every $1.00 of current liabilities.
A positive repricing gap implies that a decrease in interest rates will cause interest expense to decrease more than the decrease in interest income.
a. true b. false