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Academy Driving School reported the following amount in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity 1. 2013 2012 $ $ 12,600 39,060 2,900 $ 350,000 Calculate 2013 EPS and ROE. 12,600 $ 34,060 2,900 $ 330,000

Academy Driving School reported the following amount in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity 1. 2013 2012 $ $ 12,600 39,060 2,900 $ 350,000 Calculate 2013 EPS and ROE. 12,600 $ 34,060 2,900 $ 330,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Academy Driving School reported the following amount in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity 1. 2013 2012 $ 12,600 39,060 $ 2,900 $ 350,000 Calculate 2013 EPS and ROE. $ 12,600 34,060 2,900 $ 330,000
Transcribed Image Text:Academy Driving School reported the following amount in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity 1. 2013 2012 $ 12,600 39,060 $ 2,900 $ 350,000 Calculate 2013 EPS and ROE. $ 12,600 34,060 2,900 $ 330,000
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