Homework Answers
a). Book Value per share = Shareholders' Equity / Number of shares outstanding
= $945,000 / 500,000 = $1.89 per share
b). Dividend per share = Cash Dividends / Number of shares outstanding = $150,000 / 500,000 = $0.30
Dividend Yield = Dividend per share / Market Share Price = $0.30 / $9.50 = 0.0316, or 3.16%
c). Dividend Payout = Cash Dividends / Net Income = $150,000 / $433,000 = 0.3464, or 34.64%
d). Market-to-book ratio = Market price per share / Book Value per share = $9.50 / $1.89 = 5.03 times
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Question:
Please help!
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1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
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retained earnings of Consolidated Paper.
Required:
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Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
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