Kingbird presented the following data: Net income $5,805,000 Bonds: 10%, $755,000 par value 743,000 Preferred stock: 100,000 shares outstanding, $100 par, 8% cumulative, not convertible 10,000,000 Common stock: Shares outstanding 1/1 500,000 Issued for cash, 4/1 800,000 Issued 40% stock dividend, 10/1 The Common Stock has a $1 par value. Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $

Kingbird presented the following data: Net income $5,805,000 Bonds: 10%, $755,000 par value 743,000 Preferred stock: 100,000 shares outstanding, $100 par, 8% cumulative, not convertible 10,000,000 Common stock: Shares outstanding 1/1 500,000 Issued for cash, 4/1 800,000 Issued 40% stock dividend, 10/1 The Common Stock has a $1 par value. Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
Consider the following data: Common stock ($1 par value) Capital surplus Retained earnings TOTAL OWNERS’ EQUITY Amount ($) 400,000 900,000 5,000,000 6,300,000 page 3 Current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
Consider the following data: Amount ($) 400,000 900,000 Retained earnings 5,000,000 TOTAL OWNERS’ EQUITY 6,300,000 Common stock ($1 par value) Capital surplus Current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
The following information taken from Company XYZ: Balance sheet (Current) Common Stock (Par value @$2) $8,000,000 Paid in capital $30,000,000 RE $50,000,000 Total $88,000,000 Show the effect on Balance sheet (Equity section) after the following takes place: i. cash dividend = $4.20 per share, expected net income is $32 million ii. stock dividend: 20% stock dividend, current market price is $8 iii. stock split: five for two stock split Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
CorpCo gathered the following information as of the end of the current fiscal year: Dividends on common stock Market price per share of common stock Shares of common stock outstanding Dividends on preferred stock Shares of preferred stock outstanding Earnings per share on common stock Dividends per share of common stock Net income $125,000 $115.00 5,000 $65,000 600 $102.00 $25.00 $575,000 What is CorpCo's dividend yield? Enter your answer as a percent, rounded to one decimal place. 96
Wildhorse Inc. presented the following data. Net income Preferred stock:53,000shares outstanding, $100 par,8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ $2,340,000 5,300,000 692,400 321,600 160,800
Think about the information below: Capital surplus Retained earnings Common stock ($1 par valve) TOTAL OWNERS' EQUITY Dollars ($) 400,000 900,000 5,000,000 6,300,000 Shares are currently trading around $51 each. What impact would a 10% stock dividend have on the equity accounts? Provide the updated numbers for each line item following the dividend.
Splish Inc. presented the following data. Net income $2,700,000Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000Common stock: Shares outstanding 1/1 781,200Issued for cash, 5/1 278,400Acquired treasury stock for cash, 8/1 153,6002-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Consider the following data: Common stock ($1 par value): $400,000 Capital surplus: $900,000 Retained earnings: $5,000,000 TOTAL OWNERS’ EQUITY: $6,300,000 The current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.
What is EPS? Pina Inc. presented the following data. Net income $2,510,000 Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,600,000 Common stock: Shares outstanding 1/1 738,000 Issued for cash, 5/1 279,600 Acquired treasury stock for cash, 8/1 148,800 2-for-1 stock split, 10/1