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Low Corporation has 50,000 shares of $30 par value
e m Ch. 11 Homework X +...
Consider the following information. Stock price $55/share Avg. common shares outstanding 850,000 Common dividends $765,000 Dividends...
Consider the following information. Stock price $55/share Avg. common shares outstanding 850,000 Common dividends $765,000 Dividends per common share $0.90/share Preferred dividends $238,800 Net income $15,485,000 2019 preferred stock $6,162,000 2018 preferred stock $5,299,000 2019 total stockholders’ equity $28,435,000 2018 total stockholders’ equity $25,483,000 Purchases of treasury stock $120,000 Required: 1. Calculate the stockholder payout ratios. (Note: Round answers to three decimal places.) Dividend Yield % Dividend Payout % Total Payout % Stock Repurchase Payout % 2. Calculate the stockholder...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,900 $ 35,625 $ 37.989 89,500 62.500 50.299 112,500 82,50 54.888 19.788 9.375 5,000 278,580 255,000 230,500 $523,000 $445,688 $ 377,500 $129.900...
On January 1, 2016 PT Sun had 50,000 shares, $5 par value per share, During the...
On January 1, 2016 PT Sun had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. April June 1 15 July December December 10 1 15 Issued 10,000 additional shares of common stock for $11 per share. Declared a cash dividend of $1,50 per share to stockholders of record on June 30 Paid the $1.50 cash dividend. Issued 5,000 additional shares of common stock for $12 per share, Declared a cash dividend on outstanding shares...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017...
Exercise 13-11 Profitability analysis LO P3 Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $ 34,700 $ 36,200 Accounts receivable, net 88,500 64,200 58,600 Merchandise inventory 107,339 84,200 50,300 Prepaid expenses 11,047 9,166 3,628 Plant assets, net 331,714 257,734 191,272 Total assets $ 570,000 $ 450,000 $ 340,000 Liabilities and Equity Accounts payable $ 143,349 $ 76,050 $ 44,880 Long-term notes payable secured by mortgages on plant assets 106,088 105,570 73,637 Common...
Sehrt Corporation has provided the following financial data: Year 2 Year 1 Common stock, $3 par...
Sehrt Corporation has provided the following financial data: Year 2 Year 1 Common stock, $3 par value $ 300,000 $ 300,000 Total stockholders' equity $ 803,000 $ 770,000 The company's net income for Year 2 was $44,000. Dividends on common stock during Year 2 totaled $11,000. The market price of common stock at the end of Year 2 was $6.29 per share. Required: a. What is the company's earnings per share for Year 2? b. What is the company's price-earnings...
11)Bill issued 200,000 shares of $2 par value stock. The book value of Bill’s common stockholders'...
11)Bill issued 200,000 shares of $2 par value stock. The book value of Bill’s common stockholders' equity is equal to $20 million. On August 1, he implements a two-for-one stock split. After the stock split, the total number of shares outstanding is 400000 shares, the total par value is $1 and the total book value is $20 million. 12) Assuming the market price per share of Bill’s stock was $150/share before the split, what should be the market price per...
The stockholders’ equity accounts of Cyrus Corporation on January 1, 2017, were as follows. Preferred Stock...
The stockholders’ equity accounts of Cyrus Corporation on
January 1, 2017, were as follows.
Preferred Stock (7%, $100 par noncumulative, 5,000 shares
authorized)
$300,000
Common Stock ($4 stated value, 300,000 shares authorized)
1,000,000
Paid-in Capital in Excess of Par Value—Preferred Stock
15,000
Paid-in Capital in Excess of Stated Value—Common Stock
480,000
Retained Earnings
688,000
Treasury Stock (5,000 common shares)
40,000
During 2017, the corporation had the following transactions and
events pertaining to its stockholders’ equity.
Feb.
1
Issued 5,000 shares...
92 Financial Statement Analysis 7-22 Analyzing profitability Inc.'s comparative income comparative income statement follows. The 2015...
92 Financial Statement Analysis 7-22 Analyzing profitability Inc.'s comparative income comparative income statement follows. The 2015 data are given as nceded. 1.2017 11.6% VARSITY, INC Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands Net Sales Cost of Goods Sold Selling and Administrative Expenses nterest Expense income Tax Expense Net Income 2017 2016 2015 S 185,000 $ 153,000 96,000 87,000 46,500 39,500 9,50010,500 9,000 $ 21,500 S 7,000 11,500 Additional data Total Assets Common Stockholders' Equity...
Low Corporation has 50,000 shares of $30 par value common stock outstanding and retained earnings of...
Low Corporation has 50,000 shares of $30 par value common stock outstanding and retained earnings of $1,125,000. The company declares a 100 percent stock dividend. The market price at the declaration date is $30 per share. a. Prepare the journal entries for (1) the declaration of the dividend and (2) the issuance of the dividend. General Journal Ref. Description Debit Credit (1) AnswerCashCash dividendsCommon stockDividends payableStock dividend distributableStock dividends Answer Answer AnswerCashCash dividendsCommon stockDividends payableStock dividend distributableStock dividends Answer Answer...
Exercise 13-11 Profitability analysis LO P3 Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,900 $ 35,625 $ 37.989 89,500 62.500 50.299 112,500 82,50 54.888 19.788 9.375 5,000 278,580 255,000 230,500 $523,000 $445,688 $ 377,500 $129.900...
On January 1, 2016 PT Sun had 50,000 shares, $5 par value per share, During the year, the following transactions ocurred. April June 1 15 July December December 10 1 15 Issued 10,000 additional shares of common stock for $11 per share. Declared a cash dividend of $1,50 per share to stockholders of record on June 30 Paid the $1.50 cash dividend. Issued 5,000 additional shares of common stock for $12 per share, Declared a cash dividend on outstanding shares...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140...
The stockholders’ equity accounts of Cyrus Corporation on
January 1, 2017, were as follows.
Preferred Stock (7%, $100 par noncumulative, 5,000 shares
authorized)
$300,000
Common Stock ($4 stated value, 300,000 shares authorized)
1,000,000
Paid-in Capital in Excess of Par Value—Preferred Stock
15,000
Paid-in Capital in Excess of Stated Value—Common Stock
480,000
Retained Earnings
688,000
Treasury Stock (5,000 common shares)
40,000
During 2017, the corporation had the following transactions and
events pertaining to its stockholders’ equity.
Feb.
1
Issued 5,000 shares...
92 Financial Statement Analysis 7-22 Analyzing profitability Inc.'s comparative income comparative income statement follows. The 2015 data are given as nceded. 1.2017 11.6% VARSITY, INC Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands Net Sales Cost of Goods Sold Selling and Administrative Expenses nterest Expense income Tax Expense Net Income 2017 2016 2015 S 185,000 $ 153,000 96,000 87,000 46,500 39,500 9,50010,500 9,000 $ 21,500 S 7,000 11,500 Additional data Total Assets Common Stockholders' Equity...
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