At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600...
At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $441000. For 2018, earnings per common share amounted to (rounded to the nearest penny)
Homework Answers
| Net income | 441000 | |
| Less: Preferred Dividends | 69600 | =11600*100*6% |
| Net income for Common Stockholders | 371400 | |
| Divide by Common shares outstanding | 185000 | |
| Earnings per common share | 2.01 |
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At December 31, 2018 and 2017, Marigold Corp. had 185000 shares
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Tower Corp. had the following stock outstanding and Retained
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On December 31, 2015, the board of directors
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or 2014, and none have been declared yet in 2015. Three independent
cases are assumed:
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stock outstanding. In addition, Crane had 455000 shares of
preferred stock which were convertible into 759000 shares of common
stock. During 2018, Crane paid $1250000 cash dividends on the
common stock and $796000 cash dividends on the preferred stock. Net
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$2.55.
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$
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On December 31, 2015, the board of directors
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and preferred stockholders. No dividends were declared during 2013
or 2014, and none have been declared yet in 2015. Three independent
cases are assumed:
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