Austin Company reported these figures for 2018 and 2017:
Requirement 1. Compute Austin Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. 
Homework Answers
Calculate earning per share
| Net income | - | Preferred dividend | / | Avg share outstanding | = | Earning per share |
| 23000 | - | 11000 | / | 30000 | = | 0.40 per share |
Low's Companies, a home improvement store chain, reported the following summarized figures:
Low's Companies, a home improvement store chain, reported the following summarized figures: Low's has 25,000 common shares outstanding during 2018. Requirement 1. Compute earnings per share (EPS) for 2018 for Low's. Round to the nearest cent. Begin by selecting the formula to calculate Low's Companies' EPS. Then enter the amounts and calculate the EPS for 2018.
Charles Austin of the controller's office of Pharoah Corporation was given the assignment of determining the...
Charles Austin of the controller's office of Pharoah Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7.720,000 shares of $10 par value common stock. As of December 31, 2017, 1,930,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as...
Problem 16-7 Charles Austin of the controller's office of Cheyenne Corporation was given the assignment of...
Problem 16-7 Charles Austin of the controller's office of Cheyenne Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7,800,000 shares of $10 par value common stock. As of December 31, 2017, 1.950,000 shares had been issued and were outstanding, 2. The per share market prices of the common stock on selected dates...
Charles Austin of the controller's office of Coronado Corporation was given the assignment of determining the...
Charles Austin of the controller's office of Coronado Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7,680,000 shares of $10 par value common stock. As of December 31, 2017, 1.920,000 shares had been issued and were outstanding 2. The per share market prices of the common stock on selected dates were as...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
Succeed's Companies, a home improvement store chain, reported the following summarized figures: Succeed's Companies, a home...
Succeed's Companies, a home improvement store chain, reported
the following summarized figures:
Succeed's Companies, a home improvement store chain, reported the following summarized figures 囲(Click the icon to view the income statement.) 囲(Click the icon to view the balance sheets.) Succeed's has 20,000 common shares outstanding during 2018 Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 for Begin by selecting the formula to calculate Succeed's Companies' EPS. Then enter the amounts and calculate the EPS for...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of conv...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2018 XYZ paid the regular annual dividend on the preferred and common stock. Net...
Gable Exploration Company reported these figures for 2018 and 2017.
Gable Exploration Company reported these figures for 2018 and 2017.Compute the rate of retum on total assets for 2018. (Round to two decimals.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.)
Accel's Companies, a home improvement store chain, reported the following summarized figures: Accel's has 10,000 common...
Accel's Companies, a home improvement store chain, reported
the following summarized figures:
Accel's has 10,000 common shares outstanding during 2018.
Accal's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Cick the icon to view the balance sheets.) Acoal's has 10,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compule earnings per share (EPS) for 2018 for Accel's. Round to the nearest cent. Begin by selecting the formula...
Holzman Company reported net income for 2018 in the amount of $50,000. During 2018, Holzman declared...
Holzman Company reported net income for 2018 in the amount of $50,000. During 2018, Holzman declared and paid $2,000 in cash dividends on its nonconvertible preferred stock. Holzman also paid $10,000 cash dividends on its common stock. Holzmanhad 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on July 1, 2018. A 2-for-1 stock split was granted on July 5, 2018. What is the 2018 basic earnings per share (rounded to the nearest cent)?...
Low's Companies, a home improvement store chain, reported the following summarized figures: Low's has 25,000 common shares outstanding during 2018. Requirement 1. Compute earnings per share (EPS) for 2018 for Low's. Round to the nearest cent. Begin by selecting the formula to calculate Low's Companies' EPS. Then enter the amounts and calculate the EPS for 2018.
Charles Austin of the controller's office of Pharoah Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7.720,000 shares of $10 par value common stock. As of December 31, 2017, 1,930,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as...
Problem 16-7 Charles Austin of the controller's office of Cheyenne Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7,800,000 shares of $10 par value common stock. As of December 31, 2017, 1.950,000 shares had been issued and were outstanding, 2. The per share market prices of the common stock on selected dates...
Charles Austin of the controller's office of Coronado Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2018. Austin has compiled the information listed below. 1. The company is authorized to issue 7,680,000 shares of $10 par value common stock. As of December 31, 2017, 1.920,000 shares had been issued and were outstanding 2. The per share market prices of the common stock on selected dates were as...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
Succeed's Companies, a home improvement store chain, reported
the following summarized figures:
Succeed's Companies, a home improvement store chain, reported the following summarized figures 囲(Click the icon to view the income statement.) 囲(Click the icon to view the balance sheets.) Succeed's has 20,000 common shares outstanding during 2018 Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 for Begin by selecting the formula to calculate Succeed's Companies' EPS. Then enter the amounts and calculate the EPS for...
XYZ Company had 200,000 shares of common stock outstanding on December 31, 2017. On July 1, 2018, XYZ issued an additional 45,000 shares for cash. On January 1, 2018, XYZ issued 15,000 shares of convertible preferred stock. The preferred stock had a par value of $100 per share and paid a 5% dividend. Each share of preferred stock is convertible into 8 shares of common. During 2018 XYZ paid the regular annual dividend on the preferred and common stock. Net...
Gable Exploration Company reported these figures for 2018 and 2017.Compute the rate of retum on total assets for 2018. (Round to two decimals.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.)
Accel's Companies, a home improvement store chain, reported
the following summarized figures:
Accel's has 10,000 common shares outstanding during 2018.
Accal's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Cick the icon to view the balance sheets.) Acoal's has 10,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compule earnings per share (EPS) for 2018 for Accel's. Round to the nearest cent. Begin by selecting the formula...
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