Homework Answers
| 2019 | 2020 | |
|
Earnings per Share = (Net Income (-) Preferred Dividends ) / Weighted Common Shares Outstanding |
$
1.2 (or) $ 1.22 ($ 230,000 (-) 10,000 ) / 180,000 shares |
$
1.1 ($ 180,000 (-) 15,000 ) / 150,000 shares |
|
Return on common stockholders
equity = (Net Income (-) Preferred Dividends ) / Average common stockholders equity |
12.2% (or) 12.22% ($ 230,000 (-) 10,000 ) /$ 1,800,000 |
8.6% (or) 8.68% ($ 180,000 (-) 15,000 ) / $ 1,900,000 |
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Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2...
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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,...
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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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Question 4 View Policies Current Attempt in Progress The following financial information is available for Sunland...
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