Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash div...
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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...
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?...
Sunland Company had the following information in its financial statements for the years ended 2017 and...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years...
Question 8 Client Stonework corporation was organized on January 1, 2015. For its first two years of operations, it reported the following. Net Income for 2015 $31,000 Net income for 2016 $42,000 Dividends for 2015 $14,200 Dividends for 2016 $18,700 Total assets at the end of 2015 $130,000 Total assets at the end of 2016 $250,000 Common sock at the end of 2015 $100,000 Common stock at the end of 2016 $100,000 On the basis of data given, prepare a...
Financial Statements, including Statement of Cash Flows Pendray Systems Corporation began operations on January 1, 2015,...
Financial Statements, including Statement of Cash Flows Pendray Systems Corporation began operations on January 1, 2015, as an online retailer of computer software and hardware. The following financial statement data were taken from Pendray's records at the end of its first year of operations, December 31, 2045. Accounts payable $60,000 Accounts receivable 330,000 Common stock 756,000 Cash Cash payments for operating activities 1,971,000 2,070,000 Cash receipts from operating activities Cost of sales 1,305,000 Dividends 90,000 Income tax expense 159,000 24,000...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2 3 1 s 5 6 Net Income i S 2019 2020 Average Common Stockholders' Equity s 1,800,000 1,900,000 Dividends paid to common stockholders 90,000 70,000 Dividends paid to preferred stockholders 10,000 15,000 230,000 180,000 Market price of common stock $ 20 25 The weighted number of shares of common stock outstanding was 180,000 for 2019 and 150,000 for 2020, Calculate the earnings per share...
On January 1, 2015, Geffrey Corporation had the following stockholders’ equity accounts. Common Stock ($20 par...
On January 1, 2015, Geffrey Corporation had the following
stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
$1,220,000
Paid-in Capital in Excess of Par—Common Stock
205,600
Retained Earnings
593,200
During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
2015 2014 Cappuccino, Inc. Four-Year Selected Financial Data Years Ended January 31, 2017-2014 Operating Results: 2017...
2015 2014 Cappuccino, Inc. Four-Year Selected Financial Data Years Ended January 31, 2017-2014 Operating Results: 2017 2016 Net Sales $ 13,842 $ 13,680 $ Cost of Goods Sold 9,705 8,594 Interest Expense 107 Income from Operations 1,452 Income Tax Expense Net Income (Net Loss) Cash Dividends 11,638 $ 6,774 9,052 5,312 73 47 49 333 1,815 339 1.121 1,334 243 870 827 72 13 Financial Position: 107 47 49 Interest Expense Income from Operations Income Tax Expense Net Income (Net...
On December 31, 2015, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares ...
On December 31, 2015, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2016 sold 60,000 common shares. Also, as a part of a 2015 agreement for the On February 28, 2016, Dow acquisition of Merrill Cable Company, another 24,000 shares...
172. The following account balances appear in the 2015 adjusted trial balance of Diamond Corporation: Common...
172. The following account balances appear in the 2015 adjusted trial balance of Diamond Corporation: Common Stock, $21,000; Retained Earnings, $8,000; Dividends, $2,000; Service Revenue, $30,000; Salaries Expense, $13,000; and Utilities Expense, $7,000. No common stock was issued during the year. Prepare the statement of stockholders’ equity for the year ended December 31, 2015. 173. The following is selected financial information for Osmond Dental Laboratories for 2015 and 2016: 2015 2016 Retained earnings, January 1 $53,000 ? Net income 37,000...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
Financial Statements, including Statement of Cash Flows Pendray Systems Corporation began operations on January 1, 2015, as an online retailer of computer software and hardware. The following financial statement data were taken from Pendray's records at the end of its first year of operations, December 31, 2045. Accounts payable $60,000 Accounts receivable 330,000 Common stock 756,000 Cash Cash payments for operating activities 1,971,000 2,070,000 Cash receipts from operating activities Cost of sales 1,305,000 Dividends 90,000 Income tax expense 159,000 24,000...
Problem V (12 points) The following financial information is available for the Fountain City Corporation: 2 3 1 s 5 6 Net Income i S 2019 2020 Average Common Stockholders' Equity s 1,800,000 1,900,000 Dividends paid to common stockholders 90,000 70,000 Dividends paid to preferred stockholders 10,000 15,000 230,000 180,000 Market price of common stock $ 20 25 The weighted number of shares of common stock outstanding was 180,000 for 2019 and 150,000 for 2020, Calculate the earnings per share...
On January 1, 2015, Geffrey Corporation had the following
stockholders’ equity accounts.
Common Stock ($20 par value, 61,000 shares issued and
outstanding)
$1,220,000
Paid-in Capital in Excess of Par—Common Stock
205,600
Retained Earnings
593,200
During the year, the following transactions occurred.
Feb. 1
Declared a $2 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 2-for-1 stock split. Prior to the split, the...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
2015 2014 Cappuccino, Inc. Four-Year Selected Financial Data Years Ended January 31, 2017-2014 Operating Results: 2017 2016 Net Sales $ 13,842 $ 13,680 $ Cost of Goods Sold 9,705 8,594 Interest Expense 107 Income from Operations 1,452 Income Tax Expense Net Income (Net Loss) Cash Dividends 11,638 $ 6,774 9,052 5,312 73 47 49 333 1,815 339 1.121 1,334 243 870 827 72 13 Financial Position: 107 47 49 Interest Expense Income from Operations Income Tax Expense Net Income (Net...
On December 31, 2015, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2016 sold 60,000 common shares. Also, as a part of a 2015 agreement for the On February 28, 2016, Dow acquisition of Merrill Cable Company, another 24,000 shares...
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