Consider the following data for a corporation: Net income
Consider the following data for a corporation:
Net income $800,000
Preferred stock dividends $50,000
Market price per share of stock $25
Average common stockholders’ equity $4,000,000
Cash dividends declared on common stock $20,000
What is the payout ratio?
Homework Answers
payout ratio is cash dividend divided by net income
payout ratio = Cash Dividend/Net income
Payout Ration = $20000/800000
= 2.5%
Common Stockholders' Profitability Analysis A company reports the following: Net income $1,000,000 Preferred dividends 50,000 6,250,000...
Common Stockholders' Profitability Analysis A company reports the following: Net income $1,000,000 Preferred dividends 50,000 6,250,000 Average stockholders' equity Average common stockholders' equity 3,800,000 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. (Round percentages to one decimal place.) a. Return on stockholders' equity b. Return on common stockholders' equity Earnings per Share and Price Earnings Ratio A company reports the following: Net income $410,000 Preferred dividends $60,000 Shares of common stock outstanding 50,000...
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On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par...
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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, 50,000 shares issued and
outstanding)
$500,000
Paid-in Capital in Excess of Par—Common Stock
493,000
Retained Earnings
616,000
During 2020, the following transactions occurred.
Jan. 15
Declared and paid a $1.05 cash dividend per share to
stockholders.
Apr. 15
Declared and paid a 10% stock dividend. The market price of the
stock was $13 per share.
May 15
Reacquired 1,800 common shares at a...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) Common Stock ($4 stated value, 660,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) $660,000 2,200,000 33,000 1,056,000 1,513,600 88,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 11,000 shares...
Please answer All questions 1.) A company reports the following: Net income $170,000 Preferred dividends 6,800...
Please answer All questions 1.) A company reports the following: Net income $170,000 Preferred dividends 6,800 Average stockholders' equity 1,231,884 Average common stockholders' equity 816,000 Determine (a) the the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your percentages to one decimal place. a. The rate earned on stockholders' equity % b. The rate earned on common stockholders' equity % 2.) A company reports the following: Net income $248,000 Preferred dividends $14,000 Shares...
i Data Table - X Selected income statement data for the current year Net Sales Revenue...
i Data Table - X Selected income statement data for the current year Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income Best Digital 416,830 $ 210,000 Very Network 493,115 258,000 19,000 66,000 49,000 Print Done Clear All Data Table Selected balance sheet and market price data at the end of the current year Best Digital Very Network Current Assets Cash Short-term Investments Accounts Receivables, Net Merchandise Inventory 28,000 $ 39,000 39,000 66,000 19,000 191,000...
The following data are taken from the financial statements, determine for the current year the (a)...
The following data are taken from the financial statements, determine for the current year the (a) return on total assets, (b) return on stockholders' equity, (c) return on common stockholders' equity, (d) earnings per share on common stock, (e) price-earnings ratio on common stock, and (f) dividend yield. The current market price per share of common stock is $25. Current Year Current assets $745,000 Preceding Year $820,000 1,400,000 1,510,000 Property, plant, and equipment Current liabilities 160,000 140,000 400,000 400,000 250,000...
1. Return on total assets A company reports the following income statement and balance sheet information...
1. Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $172,560 Interest expense 30,450 Average total assets 2,010,000 Determine the return on total assets. If required, round the percentage to one decimal place. _______% 2. Common Stockholders' Profitability Analysis A company reports the following: Net income $190,000 Preferred dividends 7,600 Average stockholders' equity 1,407,407 Average common stockholders' equity 852,336 Determine (a) the the return on stockholders’ equity and...
The following financial information is available for Marigold Corporation. (in millions) 2022 2021 Average common stockholders’...
The following financial information is available for Marigold Corporation. (in millions) 2022 2021 Average common stockholders’ equity $3,000 $3,200 Dividends declared for common stockholders 370 714 Dividends declared for preferred stockholders 40 40 Net income 625 680 Calculate the payout ratio and return on common stockholders’ equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) 2022 2021 Payout ratio enter payout ratio in percentages % enter payout ratio in percentages % Return on common stockholders’ equity...
Common Stockholders' Profitability Analysis A company reports the following: Net income $1,000,000 Preferred dividends 50,000 6,250,000 Average stockholders' equity Average common stockholders' equity 3,800,000 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. (Round percentages to one decimal place.) a. Return on stockholders' equity b. Return on common stockholders' equity Earnings per Share and Price Earnings Ratio A company reports the following: Net income $410,000 Preferred dividends $60,000 Shares of common stock outstanding 50,000...
On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $500,000 502,000 605,000 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 $13 per share. Apr. 15 May 15 Reacquired 2,000 common shares at a...
On January 1, 2020, Agassi
Corporation had the following stockholders’ equity accounts.
Common Stock ($10 par value, 50,000 shares issued and
outstanding)
$500,000
Paid-in Capital in Excess of Par—Common Stock
493,000
Retained Earnings
616,000
During 2020, the following transactions occurred.
Jan. 15
Declared and paid a $1.05 cash dividend per share to
stockholders.
Apr. 15
Declared and paid a 10% stock dividend. The market price of the
stock was $13 per share.
May 15
Reacquired 1,800 common shares at a...
The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) Common Stock ($4 stated value, 660,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,000 common shares) $660,000 2,200,000 33,000 1,056,000 1,513,600 88,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 11,000 shares...
i Data Table - X Selected income statement data for the current year Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income Best Digital 416,830 $ 210,000 Very Network 493,115 258,000 19,000 66,000 49,000 Print Done Clear All Data Table Selected balance sheet and market price data at the end of the current year Best Digital Very Network Current Assets Cash Short-term Investments Accounts Receivables, Net Merchandise Inventory 28,000 $ 39,000 39,000 66,000 19,000 191,000...
The following data are taken from the financial statements, determine for the current year the (a) return on total assets, (b) return on stockholders' equity, (c) return on common stockholders' equity, (d) earnings per share on common stock, (e) price-earnings ratio on common stock, and (f) dividend yield. The current market price per share of common stock is $25. Current Year Current assets $745,000 Preceding Year $820,000 1,400,000 1,510,000 Property, plant, and equipment Current liabilities 160,000 140,000 400,000 400,000 250,000...
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