Layne Corporation had the following information in its financial statements for the years ended 2014 and...
Homework Answers
ANSWER:
OPTION D: 12%
EXPLANATION:
Payout ratio = total equity dividend/net income available for common stockholders
= $12000/($115000 - $15000)
= 12%
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Layne
Corporation had the following information in its financial
statements for the years ended 2014 and...
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash div...
Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 10,000 Net income for the year ended 2015 83,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,785,600 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the book value per share for Layne Corporation for the year...
Sunland Company had the following information in its financial statements for the years ended 2017 and...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2 3 1 s 5 6 Net Income i S 2019 2020 Average Common Stockholders' Equity s 1,800,000 1,900,000 Dividends paid to common stockholders 90,000 70,000 Dividends paid to preferred stockholders 10,000 15,000 230,000 180,000 Market price of common stock $ 20 25 The weighted number of shares of common stock outstanding was 180,000 for 2019 and 150,000 for 2020, Calculate the earnings per share...
Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June...
Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 2019, is as follows: Net income for June Dividends paid in June Common stock, June 1, 2019 Common stock issued in June Retained earnings, June 1, 2019 $ 115,000 25,000 180,000 50.000 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 2019. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 Common Stock...
On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par...
On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $700,000 500,000 617,000 During 2020, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. Reacquired 1,800 common shares at a market price of $16...
Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years...
Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years of operations, it reported the following. Net Income for 2015 $31,000 Net income for 2016 $42,000 Dividends for 2015 $14,200 Dividends for 2016 $18,700 Total assets at the end of 2015 $130,000 Total assets at the end of 2016 $250,000 Common sock at the end of 2015 $100,000 Common stock at the end of 2016 $100,000 On the basis of data given, prepare a...
I need help on the problems I got wrong. The comparative financial statements of Blige Inc. are as follows. The mark...
I need help on the problems I got wrong.
The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $67 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $2,398,100 Retained earnings, January 1 $2,823,100 Add net income for year 660,000 491,200 Total $3,483,100 $2,889,300 Deduct dividends On preferred stock $8,400 $8,400 57,800 57,800 On common stock Total $66,200...
On January 1, 2015, Geffrey Corporation had the following stockholders’ equity accounts. Common Stock ($20 par...
On January 1, 2015, Geffrey Corporation had the following
stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
$1,220,000
Paid-in Capital in Excess of Par—Common Stock
205,600
Retained Earnings
593,200
During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold $4,110,000 2,680,000 $1,430,000 729,000 298,000 $ 403,000 80,700 S 322,300 210,000 $ 112,300 10,000 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 102,300 150,000 อ. 68 Statement of Retained Earnings For the...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2 3 1 s 5 6 Net Income i S 2019 2020 Average Common Stockholders' Equity s 1,800,000 1,900,000 Dividends paid to common stockholders 90,000 70,000 Dividends paid to preferred stockholders 10,000 15,000 230,000 180,000 Market price of common stock $ 20 25 The weighted number of shares of common stock outstanding was 180,000 for 2019 and 150,000 for 2020, Calculate the earnings per share...
Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 2019, is as follows: Net income for June Dividends paid in June Common stock, June 1, 2019 Common stock issued in June Retained earnings, June 1, 2019 $ 115,000 25,000 180,000 50.000 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 2019. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 Common Stock...
On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $700,000 500,000 617,000 During 2020, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. Reacquired 1,800 common shares at a market price of $16...
I need help on the problems I got wrong.
The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $67 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $2,398,100 Retained earnings, January 1 $2,823,100 Add net income for year 660,000 491,200 Total $3,483,100 $2,889,300 Deduct dividends On preferred stock $8,400 $8,400 57,800 57,800 On common stock Total $66,200...
On January 1, 2015, Geffrey Corporation had the following
stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
$1,220,000
Paid-in Capital in Excess of Par—Common Stock
205,600
Retained Earnings
593,200
During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
Refer to the following financial statements for Crosby CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold $4,110,000 2,680,000 $1,430,000 729,000 298,000 $ 403,000 80,700 S 322,300 210,000 $ 112,300 10,000 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 102,300 150,000 อ. 68 Statement of Retained Earnings For the...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
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