The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Bonds payable, 10% (20-year term) $5,000,000 Preferred 10% stock, $100 par 1,000,000 Common stock, $10 par 2,000,000 Income before income tax was $1,500,000, and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year. Required: Determine each of the following: Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places. 1. Times interest earned fill in the blank 1 times 2. Earnings per share on common stock $fill in the blank 2 3. Price-earnings ratio fill in the blank 3 4. Dividends per share of common stock $fill in the blank 4 5. Dividend yield
The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Bonds payable, 10% (20-year term) $5,000,000 Preferred 10% stock, $100 par 1,000,000 Common stock, $10 par 2,000,000 Income before income tax was $1,500,000, and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year. Required: Determine each of the following: Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places. 1. Times interest earned fill in the blank 1 times 2. Earnings per share on common stock $fill in the blank 2 3. Price-earnings ratio fill in the blank 3 4. Dividends per share of common stock $fill in the blank 4 5. Dividend yield
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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The balance sheet for Seuss Company at the end of the current fiscal year indicated the following:
| Bonds payable, 10% (20-year term) | $5,000,000 |
| 1,000,000 | |
| Common stock, $10 par | 2,000,000 |
Income before income tax was $1,500,000, and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year.
Required:
Determine each of the following:
Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.
| 1. Times interest earned | fill in the blank 1 | times |
| 2. Earnings per share on common stock | $fill in the blank 2 | |
| 3. Price-earnings ratio | fill in the blank 3 | |
| 4. Dividends per share of common stock | $fill in the blank 4 | |
| 5. Dividend yield |
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