1. XYZ par value and market value of its shares are 10$ and 20$ respectively. XYZ...
1. XYZ par value and market value of its shares are 10$ and 20$ respectively. XYZ issued a stock dividend. Assume XYZ issued 250,000 shares.If the stock dividend amount to 50,000 shares. What is the stock dividend percentage?
2. Target shares have a par value of 5$ per share. Target repurchased 10,000 of its shares at 8$ on September 14, 2018. On November 3, 2019 they sold 5,000 of the same shares for 9$ per share. How much is the additional paid in capital? (treasury stock)
3. 2017 stockholders equity:500,000
2018 stockholders equity:600,000
Net Sales= 200,000
cost of goods sold= 100,000
Operating expenses= 50,000
Income tax Expenses= 20% of the income after all other expenses
What is the return on Equity?
Homework Answers
1) Stock dividend percentage = 50000/250000 = 20%
2) Additional paid in capital (treasury stock) = (9-8)*5000 = 5000
3) Net income after tax = 40000
Average equity = 1100000/2 = 550000
return on equity = 40000/550000 = 7.27%
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