Question

Profitability Analysis for Fairall Corp. For the year ended September 26, 2015, Fairall Corporation reported net...

Profitability Analysis for Fairall Corp.

For the year ended September 26, 2015, Fairall Corporation reported net income of $2,650 million. Total shareholders' equity on this date was $18,598 million, and on September 27, 2014, it was $19,883 million. No preferred stock was outstanding in either year.

Required:

1. Compute Fairall's return on common stockholders' equity for the year ended September 26, 2015. Round your answer to two decimal places.
%

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Profitability Analysis for Fairall Corp. For the year ended September 26, 2015, Fairall Corporation reported net...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Profitability Analysis for Splendid Corp For the year ended September 26, 2015, Splendid Corporation reported was...

    Profitability Analysis for Splendid Corp For the year ended September 26, 2015, Splendid Corporation reported was $19.503 millon. No preferred stock was outstanding in either year income of 52,230 on and on September 27, 2014, Hered: 1. Compute Splendid's return on common stockholders' equity for the year ended September 26, 2015, 2. What other ratio would you want to compute to decide whether Splendis successfully employing lever Previous Chuck My Work 2 ore CheckMy Work uses remang St Atent for...

  • Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash div...

    Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 10,000 Net income for the year ended 2015 83,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,785,600 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the book value per share for Layne Corporation for the year...

  • Layne Corporation had the following information in its financial statements for the years ended 2014 and...

    Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 12,000 Net income for the year ended 2015 115,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,980,000 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the payout ratio for Layne Corporation for the year ended 2015?...

  • Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of...

    Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $15,888 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net...

  • Equity Attributable to Company Stockholders Boeing Company reported the following items on its 2015 form 10-K....

    Equity Attributable to Company Stockholders Boeing Company reported the following items on its 2015 form 10-K. Shareholders' Equity (S millions, except par and shares) Common stock, par value $5.00 1,200,000,000 shares authorized; 1,012,261,159 shares issued Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity 2015 2014 S5,061 $5,061 4,834 4,625 (29,568) (23,298) 38,756 36,180 (12,748) (13,903) 6,335 8,665 125 6,397 8,790 $94408 $92,921 62 Which...

  • 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...

  • og question Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...

    og question Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., C., & d. to the nearest million. Round answer e. to three decimal places. S millions, except per share amounts Net income Preferred stock dividends Net income applicable to common shareholders Average common shares outstanding...

  • 26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the...

    26 HWIT#26: CASH DIVIDENDS PREFERRED STOCK and COMMON STOCK: Listed below we ens found in the stockholders' equity section of the Garland's Corporation Balance Sheet. The Grand Corporation declared cash dividends of $500.000 on September I payable to stockholders of record on December 1, 2018 8% Preferred stock. $100 par value. cumulative, 50,000 shares authorized 25,00 shares issued and outstanding Common stock, S10 stated value, 400,000 shares authorized, 100,000 issued and outstanding Instructions: Assume each is an independent transaction. a....

  • APPLE COMPUTER INC. CONSOLIDATED BALANCE SHEETS FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND SEPTEMBER 30,...

    APPLE COMPUTER INC. CONSOLIDATED BALANCE SHEETS FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND SEPTEMBER 30, 2014 (Dollars in thousands) Assets 2015 2014 Current Assets Cash and Cash Equivalents $1,203,488 $676,413 Short-Term Investment 54,368 215,890 Accounts Receivable, Net of Allowance for Doubtful Accounts of 90,992($83,776 in 2014)                                          1,581,347 1,381,946 Inventories 1,088,434 1,506,638 Prepaid Income Taxes 293,048 268,085 Other Current Assets 255,767 289,383 Property, Plant, and Equipment Land and Buildings $484,592 $404,688 Machinery and Equipment 572,728 578,272 Office Furniture and Equipment...

  • Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2015:   Common Stock...

    Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2015:   Common Stock (par $8; outstanding, 23,000 shares) $ 184,000   Preferred Stock, 7% (par $10; outstanding, 5,300 shares) 53,000   Retained Earnings 273,000    On December 31, 2015, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2013 or 2014, and none have been declared yet in 2015. Three independent cases are assumed: Case A:...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT