can you help me calculate the earning per share
Problem 2-2 The Arsen Co. earned $600,000 last year. The company had 100,000 shares outstanding on January 1, sold 6,000 shares on July 1 and sold 9,000 shares on October 1. The Arsen Co. stock sells for $50 per share. Calculate the EPS.
22. On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $62,000, 10% interest-bearing note in payment at a time when the prevailing rate of interest for similar transactions was 10%. When the note was collected upon maturity, Parson would recognize interest revenue of: 23. Trell Corporation transferred $52,000 of accounts receivable to a local...
Assume Nordstrom Inc. reports net income of $901 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,689 million in total assets. By fiscal year ended January 2016, total assets had decreased to $8,142 million. What is Nordstrom's ROA? Round answer to one decimal place (ex: 0.2345= 23.5%).
Eastern Auto Parts Inc. has 30 percent of its sales paid for in cash and 70 percent on credit. All credit accounts are collected in the following month. Assume the following sales: January $ 72,000 February 62,000 March 107,000 April 52,000 Sales in December of the prior year were $82,000. Prepare a cash receipts schedule for January through...
Suppose you are thinking of purchasing the stock of WHATUPDAWG, Inc. In addition to the dividend and price from year one you expect it to pay a $4.60 dividend in two years. You believe you can sell the stock for $28.75 at that time. You require a return of 10% on investments of this risk. What is the maximum you would be willing to...
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7. Santhana Muku, Inc. (SMI) stock is expected to pay a dividend of $3.00 twenty-three years from now (i.e., at t-23; i.e., at the end of the 23rd year). Dividends are forecasted to grow thereafter at a constant rate of 3%/yr forever. The appropriate required return is 8%/yr a. Calculate what the price should...
Following are comparative balance sheets for Millico Inc. at January 31 and February 28, 2020 February 28 January 31 $ 58,00 89,600 113.400 $261, see $ 51,00 74,200 131,600 $257,600 232,400 (33,600) 5460,600 212.00 (29,400) $441,000 MILLCO INC. Balance Sheets February 28 and January 31, 2020 Assets Cash Accounts receivable Merchandise inventory Total current assets Plant and equipment Production equipment...
els sactions, post capital section. GLS PILIA (LO 2,4) DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,000...
Sandhill Corporation was organized on January 1, 2020. It is authorized to issue 9.100 shares of 8%. $100 par value preferred stock, and 525.800 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Issued 80.170 shares of common stock for cash at $6 per share. Jan....
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On May 1, 2021, Varga Tech Services signed a $126,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2021, to April 30, 2022 with Shaffer paying the entire $126,000 on May 1, 2021 How much revenue should Varga recognize in 2021? (Do...