None 1. The following information pertains to Parsons Co.:Preferred stock, cumulative:Par value per shareDividend rateShares outstandingDividends in arrearsCommon stock:Par value per shareShares issued$1006%10,000none$10120,000Dividends paid per share$1.80Market price per share$48.00Additional paid-in capital$400,000Unappropriated retained earnings (after closing)$270,000Retained earnings appropriated for contingencies $300,000Common treasury stock:Number of sharesTotal costNet incomeInstructions10,000$250,000$500,000Compute (assume no changes in balances during the past year):(a) Total amount of stockholders' equity in the balance sheet(b) Earnings per share of common stock

(a) Total amount of stockholders' equity in the balance sheetThe components of stockholders' equity…

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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The following information pertains to Parsons Co. Preferred stock, cumulative: Par value per share Dividend rate Shares outstanding Dividends in arrears Common stock: Par value per share Shares issued Dividends paid per share Market price per share Additional paid-in capital Unappropriated retained earnings (after closing) Retained earnings appropriated for contingencies Common treasury stock: Number of shares Total cost Net income $100 6% 10,000 none $10 120,000 $1.80 $48.00 $400,000 $270,000 $300,000 10,000 $250,000 $500,000 Instructions Compute (assume no changes in balances during the past year): Total amount of stockholders' equity in the balance sheet (a) (b) Earnings per share of common stock (c) Book value per share of common stock (d) Payout ratio of common stock (e) Return on common stock equity
Sunland Corporation reports the following information: Net income Dividends on common stock Dividends on preferred stock Weighted-average common shares outstanding Sunland should report earnings per share of O $3.48. O $4.69. O $4.13. O $3.13. $506140 130000 60100 108000
Presented below is information related to Pharoah Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock 8 1/2% preferred Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3410000 O $6298000. O $7738000. O $6448000. O $7888000. 560000 2090000 388000 1440000 150000 The total stockholders' equity of Pharoah Corporation is
Presented below is information related to Bramble Corporation: Common Stock, $5 par Paid-in Capital in Excess of Par - Common Stock Preferred 5 %2% Stock, $100 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Paid-in Capital from Treasury Stock $1111000 O $3826800. O $5592200. O $5746000. O $5899800. 427000 1538000 535000 2135000 153800 The total stockholders' equity of Bramble Corporation is
Presented below is information related to Sheridan Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock 8 1/2% preferred Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3480000 $6464000. $6315000. $7805000. $7954000. 555000 2040000 389000 1490000 149000 The total stockholders' equity of Sheridan Corporation is
Using the following information about Peggy Inc, calculate equity value. Share price Authorized shares Issued shares Shares held in treasury Weighted average shares outstanding 16.33 234,600.0 174,980.0 45,620.0 134,520.0
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What is Wayne Co.'s total stockholders' equity based on the following account balances? Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock O $975,000. O $1,150,000. O $1,000,000. O $800,000. $950,000 50,000 175,000 25,000
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Assume that all balance sheet amounts for Sheridan Company represent average balance figures. Stockholders' equity - common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common stock dividends Preferred stock dividends $ 371000 O $2.00 $1.40 $1.94 $2.10 811000 418000 81000 38000 32000 5000 What is the earnings per share for Sheridan? Assume that all balance sheet amounts for Sheridan Company represent average balance figures. What is the earnings per share for Sheridan? $\ $ 200 $ $\$ 1.40 $ $\$ 1.94 $ $\$ 2.10 $
EX.17-187.ALGO A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $357,050 $26,450 38,000 $25.23 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. I
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