Fowler Company reported these figures for 2018and 2017: Data table: 2017 2018
Income Statement—partial:
Net Income $18,200 $25,000
Dec. 31, 2018 Dec. 31, 2017
Balance Sheet—partial:
Total Assets $265,000 $275,000
Paid-In Capital:
Preferred Stock—5%, $6 Par Value; 55,000 shares $84,000 $84,000
authorized, 14,000 shares issued and outstanding
Common Stock—$3 Par Value; 70,000 shares 105,000 105,000
authorized; 35,000 shares issued and outstanding
Paid-In Capital in Excess of Par—Common 5,000 5,000
Retained Earnings 59,000 45,000
Total Stockholders' Equity $253,000 $239,000
Requirements:
1. Compute Fowler Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent.
2. Compute Fowler Company's price/earnings ratio for 2018. Assume the company's market price per share of common stock is $4. Round to two decimals.
3. Compute Fowler Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)

Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect