The market price of Optical Solutions Inc. common shares was $60.00 on December 31, 2015. For both years, the company paid dividends of $4,000 and $12,000 to the preferred share- holders and the common shareholders, respectively.

Determine the monthly payment for a sixty-month truck loan with an annual percentage rate of 11% and an initial principal of $17,000. How much interest is paid over the life of the loan?
January 4, 2018
The terms of the loan require equal end-of-year payments for the next 6 years. Determine the total annual loan payment, and break it into the amount of interest and the amount of principal paid for each year.  
January 4, 2018

The market price of Optical Solutions Inc. common shares was $60.00 on December 31, 2015. For both years, the company paid dividends of $4,000 and $12,000 to the preferred share- holders and the common shareholders, respectively.

Some of the financial statements of Optical Solutions Inc. are as follows. The market price of Optical Solutions Inc. common shares was $60.00 on December 31, 2015. For both years, the company paid dividends of $4,000 and $12,000 to the preferred share- holders and the common shareholders, respectively.

Instructions

Calculate all possible liquidity, efficiency, solvency, and profitability ratios for 2015, rounding to one decimal place, except for earnings per share, which is rounded to two decimal places.

 

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