acconting
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.)
| 2022 | 2021 | |||
|---|---|---|---|---|
Net sales | $ 1,129,000 | $ 1,136,000 | ||
Net income (loss) | 84,462 | 70,965 | ||
Total assets | 855,338 | 838,078 | ||
| Share information | ||||
Shares outstanding at year-end | 69,500,000 | 71,270,000 | ||
Preferred dividends | 0 | 0 |
There were 78,130,000 shares outstanding at the end of 2020.
(a)
What was the company’s earnings per share for each year?
Homework Answers
Answer
· Requirement [a]
|
2022 |
$1.20 |
|
2021 |
$0.95 |
· Working
|
2021 |
2022 |
||
|
A |
Net Income (loss) |
$70,965,000 |
$84,462,000 |
|
B |
Preferred dividends |
$0 |
$0 |
|
C = A - B |
Net Income for common stockholders |
$70,965,000 |
$84,462,000 |
|
D |
Beginning shares outstanding |
78,130,000 |
71,270,000 |
|
E |
Ending shares outstanding |
71,270,000 |
69,500,000 |
|
F = (D+E) / 2 |
Weighted average no of common stock shares outstanding |
74,700,000 |
70,385,000 |
|
G = C/F |
Earnings per share |
$0.95 |
$1.20 |
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except shar information.) 2022 2021 Net sales $1,129,000 $1,136,000 Net income (loss) 84.462 70,965 Total assets 855,338 838,078 Share information Shares outstanding at year-end 69,500,000 71,270,000 Preferred dividends There were 78,130,000 shares outstanding at the end of 2020. What was the company's earnings per share for each year? (Round answers to 2 decimal places, s. 15.25) 2022: $ 2021: $
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for
Callaway Golf Company for the years 2022 and 2021.
(Dollars are in thousands, except share information.)
2022
2021
Net sales
$ 1,113,000
$ 1,119,100
Net income (loss)
76,351
63,425
Total assets
855,338
838,078
Share
information
Shares outstanding at year-end
68,500,000
70,320,000
Preferred dividends
0
0
Question 3 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Suppose the following information is available for Callaway Golf Company for the years...
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 $1,114,000 87,510 855,338 2021 $1,120,100 61,820 838,078 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 72,000,000 0 73,850,000 0 There were 80,700,000 shares outstanding at the end of 2020, (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.)
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 Net sales $ 1,114,000 $ 1,120,100 Net income (loss) 87,510 61,820 Total assets 855,338 838,078 Share information Shares outstanding at year-end 72,000,000 73,850,000 Preferred dividends 0 0 There were 80,700,000 shares outstanding at the end of 2020. (a) What was the company’s earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 Net sales $ 1,128,000 $ 1,135,400 Net income (loss) 80,179 63,304 Total assets 855,338 838,078 Share information Shares outstanding at year-end 72,000,000 73,780,000 Preferred dividends 0 0 There were 80,620,000 shares outstanding at the end of 2020. (a) What was the company’s earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 Net sales 2021 $ 1,120,700 59,409 838,078 $ 1,114,000 78,352 855,338 Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 65,500,000 67,300,000 0 0 There were 74,150,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 $ 1,114,000 78,352 855,338 2021 $ 1,120,700 59,409 838,078 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 65,500,000 0 67,300,000 0 There were 74,150,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 $ 1,118,000 $ 1,125,100 Net sales Net income (loss) 59,262 75,864 838,078 Total assets 855,338 Share information Shares outstanding at year-end 64,500,000 66,300,000 Preferred dividends There were 73,140,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.) 2022:...
Current Attempt in Progress Suppose the following information is available for Callaway Golf Company for the...
Current Attempt in Progress Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) Net sales 2022 2021 $ 1.118,000 $1,125,900 81,290 70,407 855,338 838,078 Net income (loss) Total assets Share information 73,000,000 74,800,000 Shares outstanding at year-end Preferred dividends There were 81,660,000 shares outstanding at the end of 2020. What was the company's earnings per share for each year? (Round answers to 2 decimal places, eg....
I don’t understand what I did wrong!! Your answer is partially correct. Try again. Suppose the...
I don’t understand what I did wrong!!
Your answer is partially correct. Try again. Suppose the following Information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share Information.) 2022 $1,128,000 86,156 855,338 2021 $1,135,100 69,048 838,078 Net sales Net Income (loss) Total assets Share Information Shares outstanding at year-end Preferred dividends 71,500,000 73,300,000 dy There were 80,140,000 shares outstanding at the end of 2020. What was the company's earnings per share...
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except shar information.) 2022 2021 Net sales $1,129,000 $1,136,000 Net income (loss) 84.462 70,965 Total assets 855,338 838,078 Share information Shares outstanding at year-end 69,500,000 71,270,000 Preferred dividends There were 78,130,000 shares outstanding at the end of 2020. What was the company's earnings per share for each year? (Round answers to 2 decimal places, s. 15.25) 2022: $ 2021: $
Suppose the following information is available for
Callaway Golf Company for the years 2022 and 2021.
(Dollars are in thousands, except share information.)
2022
2021
Net sales
$ 1,113,000
$ 1,119,100
Net income (loss)
76,351
63,425
Total assets
855,338
838,078
Share
information
Shares outstanding at year-end
68,500,000
70,320,000
Preferred dividends
0
0
Question 3 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Suppose the following information is available for Callaway Golf Company for the years...
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 $1,114,000 87,510 855,338 2021 $1,120,100 61,820 838,078 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 72,000,000 0 73,850,000 0 There were 80,700,000 shares outstanding at the end of 2020, (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.)
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 Net sales 2021 $ 1,120,700 59,409 838,078 $ 1,114,000 78,352 855,338 Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 65,500,000 67,300,000 0 0 There were 74,150,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 $ 1,114,000 78,352 855,338 2021 $ 1,120,700 59,409 838,078 Net sales Net income (loss) Total assets Share information Shares outstanding at year-end Preferred dividends 65,500,000 0 67,300,000 0 There were 74,150,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g....
Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) 2022 2021 $ 1,118,000 $ 1,125,100 Net sales Net income (loss) 59,262 75,864 838,078 Total assets 855,338 Share information Shares outstanding at year-end 64,500,000 66,300,000 Preferred dividends There were 73,140,000 shares outstanding at the end of 2020. (a) What was the company's earnings per share for each year? (Round answers to 2 decimal places, e.g. 15.25.) 2022:...
Current Attempt in Progress Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share information.) Net sales 2022 2021 $ 1.118,000 $1,125,900 81,290 70,407 855,338 838,078 Net income (loss) Total assets Share information 73,000,000 74,800,000 Shares outstanding at year-end Preferred dividends There were 81,660,000 shares outstanding at the end of 2020. What was the company's earnings per share for each year? (Round answers to 2 decimal places, eg....
I don’t understand what I did wrong!!
Your answer is partially correct. Try again. Suppose the following Information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands, except share Information.) 2022 $1,128,000 86,156 855,338 2021 $1,135,100 69,048 838,078 Net sales Net Income (loss) Total assets Share Information Shares outstanding at year-end Preferred dividends 71,500,000 73,300,000 dy There were 80,140,000 shares outstanding at the end of 2020. What was the company's earnings per share...
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