Weygandt, Accounting Principles, 13e
Exercise 14-16
This financial information is available for Sandhill Corporation.
The weighted average number of shares of common stock outstanding was 181,000 for 2019 and 148,500 for 2020.
Calculate earnings per share and return on common stockholders' equity for 2020 and 2019.
Homework Answers
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| Sandhill | ||
| 2020 | 2019 | |
| Answer a | ||
| Earnings per share | ||
| Net Income | 293,500.00 | 248,500.00 |
| Less: Preference Dividend | 24,500.00 | 24,500.00 |
| Net Income available for Common share holders | 269,000.00 | 224,000.00 |
| Common shares outstanding | 148,500.00 | 181,000.00 |
| Earnings per share | 1.81 | 1.24 |
| (Net Income available for Common share holders/ Common shares outstanding) | ||
| Answer b | ||
| Return on Common Stockholder's Equity | ||
| Net Income available for Common share holders | 269,000.00 | 224,000.00 |
| Average Common Stockholder's Equity | 1,835,000.00 | 1,910,000.00 |
| Return on Common Stockholder's Equity | 14.66% | 11.73% |
| (Net Income available for Common share holders/ Average Common Stockholder's Equity) |
Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-16 This financial information is available for Cullumber...
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Exercise 14-16 This financial information is available for Crane Corporation. 2020 Average common stockholders' equity Dividends...
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can you work it out for me also C14 #2 Weygandt, Accounting Principles, 13e Help System...
can you work it out for me also
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Weygandt, Accounting Principles, 13e Exercise 200
Weygandt, Accounting Principles, 13eExercise 200 For each of the following, determine the missing amounts.
Return to Blackboard Weygandt, Accounting Principles, 13e Exercise 13-06 As an auditor for the CPA firm...
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. This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000...
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This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000...
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Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January...
Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January 1, 2017, Frontler Corporation had $1,140,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year Journalize the dedaration of a 14% stock dividend on December 10, 2017, for following independent assumptions. (Cedit account titles are...
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US Weygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION <BACK NE ES Brief Exercise 3-09 The adjusted trial balance of Crane Company at December 31, 2020, includes the following accounts: Owner's Capital $18,000, Owner's Drawings $7,000, Service Revenue $36,700, Salaries and Wages Expense $15,500, Insurance Expense $2,000, Rent Expense $4,100, Supplies Expense $2,300, and Depreciation Expense $1,100. Prepare an income statement for the year. CRANE COMPANY Income Statement dy $ O o 3
Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-16 This financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,770,000 95,000 18,500 286,500 19 $2,100,000 65,500 18,500 245,000 23 The weighted average number of shares of common stock outstanding was 176,000 for 2 Calculate earnings per share and return on common stockholders' equity for 2020 and 20 2020 2019...
Exercise 14-16 This financial information is available for Crane Corporation. 2020 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,780,000 90,500 19,500 294,500 2019 $1,900,000 68,000 19,500 240,500 23 The weighted average number of shares of common stock outstanding was 175,500 for 2019 and 146,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places,...
Weygandt, Accounting Principles, 12e LUS Help System Announcements Return to Blackboard RCES Tk Exercise 14-15 The following financial information is available for ummer Corporation Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net Income Market price of common stock 2017 $1,100,000 45,000 15,000 280,000 18 2016 $850,000 25,000 15.000 190,000 13 audy The weighted average number of shares of common stock outstanding was 75,000 for 2016 and 100,000 for 2017. Calculate earnings per share...
can you work it out for me also
C14 #2 Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-19 a-b At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par preferred stock $49,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock...
Weygandt, Accounting Principles, 13eExercise 200 For each of the following, determine the missing amounts.
Return to Blackboard Weygandt, Accounting Principles, 13e Exercise 13-06 As an auditor for the CPA firm of Hinkson and Calvert, you encounter the following situations in auditing different clients 1. Sarasota Corporation is a closely held corporation whose stock is not publicty traded. On December 5, the corporation acquired land by issung 5,000 shares of is $20 par valute commen stock. The ownert'esking pricer tor tne lund wa $135,000, and the fair value of the land was $115,000 traded on...
. This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders to preferred stockholders 20,500 Net income 293,500 240,500 Market price of common stock 27 0,500 20,500 The weighted-average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2...
This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders 20,500 20,500 Net income 293,500 240,500 Market price of common stock 22 27 The weighted average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g....
Return to Blackboard Weygandt, Accounting Principles, 12e ·BACK- PRINTER VERSION ASSIGNMENT RESOURCES Exercise 14-3 On January 1, 2017, Frontler Corporation had $1,140,000 of common stock outstanding that was issued at par. It also had retained earnings of $744,000. The company issued 40,000 shares of common stock at par on July 1 and earned net income of $395,000 for the year Journalize the dedaration of a 14% stock dividend on December 10, 2017, for following independent assumptions. (Cedit account titles are...
US Weygandt, Accounting Principles, 13e CALCULATOR PRINTER VERSION <BACK NE ES Brief Exercise 3-09 The adjusted trial balance of Crane Company at December 31, 2020, includes the following accounts: Owner's Capital $18,000, Owner's Drawings $7,000, Service Revenue $36,700, Salaries and Wages Expense $15,500, Insurance Expense $2,000, Rent Expense $4,100, Supplies Expense $2,300, and Depreciation Expense $1,100. Prepare an income statement for the year. CRANE COMPANY Income Statement dy $ O o 3
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