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For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.71...
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.68...
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.68 per share and having a 6% stock dividend. In the 2017 annual report, Orbon reported restated earnings per share for 2015 of $0.88. Required: a. Calculate the originally reported earnings per share for 2015. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Calculate the restated cash dividend per share for 2015 reported in the 2017 annual report for comparative...
For the year ended December 31, 2018, Finco Inc. reported earnings per share of $3.60. Answer...
For the year ended December 31, 2018, Finco Inc. reported earnings per share of $3.60. Answer the following questions: Required: a. During 2019, the company had a 5-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes. b. During 2020, Finco had an additional 3-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2020 annual report for comparative purposes. C. Assume that Finco...
For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12. During...
For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12. During 2020, the company had a 3-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anyco’s 2020 annual report for comparative purposes. During 2021, Anyco had an additional 2-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anyco’s 2021 annual report for comparative purposes. Assume that Anyco had issued a 10% stock dividend in 2020...
Calculate EPS reported before stock split and stock dividend - During the fiscal year ended September...
Calculate EPS reported before stock split and stock dividend - During the fiscal year ended September 30, 2017, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2017, the company reported earnings per share for the year ended September 30, 2016, on a restated basis, of $1.20 Required: Calculate the originally reported earnings per share for the year ended September 30, 2016.
During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis....
During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis. In its annual report for 2019, the firm reported net income of $930,200 for 2019, with an average 217,300 shares of common stock outstanding for that year. There was no preferred stock. Required: a. What amount of net income for 2019 will be reported in Gluco's 2020 annual report? b. Calculate Gluco's earnings per share for 2019 that would have been reported in the...
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended...
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its annual report for 2020, the company reported earnings per share for the year ended June 30, 2019, on a restated basis, of $1.05. Required: Calculate the originally reported earnings per share by Jones Co, for the vil June 30, 2019.
Low-regular and extra dividend policy Bennett Farm Equipment Sales, Inc. is in a highly cyclical business....
Low-regular and extra dividend policy Bennett Farm Equipment Sales, Inc. is in a highly cyclical business. Although the firm has a target payout ratio of 30%, its board realizes that strict adherence to that ratio would result in a Puctuating dividend and create uncertainty for the firm's stockholders. Therefore, the firm has declared a regular dividend of $040 per share per year with extra cash dividends to be paid when earnings justify them. Eamnings per share for the last several...
Please answer all parts. thank you! Low-regular-and-extra dividend policy Bennett Farm Equipment Sales, Inc. is in...
Please answer all parts. thank you!
Low-regular-and-extra dividend policy Bennett Farm Equipment Sales, Inc. is in a highly cyclical business. Although the firm has a target payout ratio of 25 %, its board realizes that strict adherence to that ratio would result in a fuctuating dividend and create uncertainty for the firm's stockholders. Therefore, the firm has declared a regular dividend of $0.60 per share per year with extra cash dividends to be paid when earnings justify them. Earnings per...
Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following tabl...
Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table:. a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 2017? b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive...
(Residual dividend policy) FarmCo, Inc. follows a policy of paying out cash dividends equal to the...
(Residual dividend policy) FarmCo, Inc. follows a policy of paying out cash dividends equal to the residual amount that remains after funding 20 percent of its planned capital expenditures. The firm tries to maintain a 20 percent debt and 80 percent equity capital structure and does not plan on issuing more stock in the coming year. FarmCo's CFO has estimated that the firm will earn $20 million in the current year. a. If the firm maintains its target financing mix...
For the year ended December 31, 2018, Finco Inc. reported earnings per share of $3.60. Answer the following questions: Required: a. During 2019, the company had a 5-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes. b. During 2020, Finco had an additional 3-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2020 annual report for comparative purposes. C. Assume that Finco...
During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis. In its annual report for 2019, the firm reported net income of $930,200 for 2019, with an average 217,300 shares of common stock outstanding for that year. There was no preferred stock. Required: a. What amount of net income for 2019 will be reported in Gluco's 2020 annual report? b. Calculate Gluco's earnings per share for 2019 that would have been reported in the...
Mini-Exercise 10.2 LO 9 Calculate originally reported EPS before stock split During the fiscal year ended June 30, 2020, Jones Co. had a 3-for-1 stock split. In its annual report for 2020, the company reported earnings per share for the year ended June 30, 2019, on a restated basis, of $1.05. Required: Calculate the originally reported earnings per share by Jones Co, for the vil June 30, 2019.
Low-regular and extra dividend policy Bennett Farm Equipment Sales, Inc. is in a highly cyclical business. Although the firm has a target payout ratio of 30%, its board realizes that strict adherence to that ratio would result in a Puctuating dividend and create uncertainty for the firm's stockholders. Therefore, the firm has declared a regular dividend of $040 per share per year with extra cash dividends to be paid when earnings justify them. Eamnings per share for the last several...
Please answer all parts. thank you!
Low-regular-and-extra dividend policy Bennett Farm Equipment Sales, Inc. is in a highly cyclical business. Although the firm has a target payout ratio of 25 %, its board realizes that strict adherence to that ratio would result in a fuctuating dividend and create uncertainty for the firm's stockholders. Therefore, the firm has declared a regular dividend of $0.60 per share per year with extra cash dividends to be paid when earnings justify them. Earnings per...
Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table:. a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 2017? b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive...
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