4 BFGoodrich Company is a worldwide diversified manufacturer of tires, viny! prod- ecialty chemicals, and aerospace products. Selected financial data, in millions of dollars, cent 2-year period were as follows. Current Prior Year Year $2,416.7 298.0 $2,023.5 200.7 operating income me from continuing operations ne (loss) from discontinued operations (net of taxes) aordinary items (net of taxes) ulative effect of change in method of accounting for zes ncome dends on preferred stock dends on common stock 209.9 83.6 (16.9) (4.4) 25.8 2.7 195.7 105.0 8.8 9.8 43.3 37.0 me retained in the business at end of year 548.9 405.3 e notes to the company's financial statements indicate that the weighted average num- ommon shares outstanding (in thousands of shares) was 25,179 for the current year and or the prior year. In addition, the stockholders' equity section of the balance sheet shows December 31 of the current year there were 25,554,627 shares of common stock issued „396 shares of common stock held in the treasury. tions esent the earnings per share data for the company for each year. omment on the relative importance of material nontypical items in each year. PTER 12 Corporations: Organization, Stock Transactions, Dividends and Retained Earnings (e) Discuss how you would factor these nontypical items into your prediction of next net income for BFGoodrich. (d) Prepare a retained earnings statement for the current year. (e) What was the total dividend per share of common stock for the current year?
4 BFGoodrich Company is a worldwide diversified manufacturer of tires, viny! prod- ecialty chemicals, and aerospace products. Selected financial data, in millions of dollars, cent 2-year period were as follows. Current Prior Year Year $2,416.7 298.0 $2,023.5 200.7 operating income me from continuing operations ne (loss) from discontinued operations (net of taxes) aordinary items (net of taxes) ulative effect of change in method of accounting for zes ncome dends on preferred stock dends on common stock 209.9 83.6 (16.9) (4.4) 25.8 2.7 195.7 105.0 8.8 9.8 43.3 37.0 me retained in the business at end of year 548.9 405.3 e notes to the company's financial statements indicate that the weighted average num- ommon shares outstanding (in thousands of shares) was 25,179 for the current year and or the prior year. In addition, the stockholders' equity section of the balance sheet shows December 31 of the current year there were 25,554,627 shares of common stock issued „396 shares of common stock held in the treasury. tions esent the earnings per share data for the company for each year. omment on the relative importance of material nontypical items in each year. PTER 12 Corporations: Organization, Stock Transactions, Dividends and Retained Earnings (e) Discuss how you would factor these nontypical items into your prediction of next net income for BFGoodrich. (d) Prepare a retained earnings statement for the current year. (e) What was the total dividend per share of common stock for the current year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please solve the question by giving an introduction for the whole question and answer subdivision d) and e).
Transcribed Image Text:4 BFGoodrich Company is a worldwide diversified manufacturer of tires, viny! prod-
ecialty chemicals, and aerospace products. Selected financial data, in millions of dollars,
cent 2-year period were as follows.
Current
Prior
Year
Year
$2,416.7
298.0
$2,023.5
200.7
operating income
me from continuing operations
ne (loss) from discontinued operations (net of taxes)
aordinary items (net of taxes)
ulative effect of change in method of accounting for
zes
ncome
dends on preferred stock
dends on common stock
209.9
83.6
(16.9)
(4.4)
25.8
2.7
195.7
105.0
8.8
9.8
43.3
37.0
me retained in the business at end of year
548.9
405.3
e notes to the company's financial statements indicate that the weighted average num-
ommon shares outstanding (in thousands of shares) was 25,179 for the current year and
or the prior year. In addition, the stockholders' equity section of the balance sheet shows
December 31 of the current year there were 25,554,627 shares of common stock issued
„396 shares of common stock held in the treasury.
tions
esent the earnings per share data for the company for each year.
omment on the relative importance of material nontypical items in each year.
PTER 12 Corporations: Organization, Stock Transactions, Dividends and Retained Earnings
(e) Discuss how you would factor these nontypical items into your prediction of next
net income for BFGoodrich.
(d) Prepare a retained earnings statement for the current year.
(e) What was the total dividend per share of common stock for the current year?
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