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Business
Accounting
Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (a) $159,200 (b) 43,800 Earnings per share 203,000 220,000 423,000 278,300 266,100 544,400 $967,400 $144,800 All sales were on credit. Net cash provided by operating activities for 2022 was $225,000. Capital expenditures were $141,000, and cash dividends paid were $82,200. Return on common stockholders' equity 41,200 Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1 and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) CA 186,000 200,000 386,000 299,200 163,500 462,700 $848,700 3.32 36.7 %

Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (a) $159,200 (b) 43,800 Earnings per share 203,000 220,000 423,000 278,300 266,100 544,400 $967,400 $144,800 All sales were on credit. Net cash provided by operating activities for 2022 was $225,000. Capital expenditures were $141,000, and cash dividends paid were $82,200. Return on common stockholders' equity 41,200 Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1 and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) CA 186,000 200,000 386,000 299,200 163,500 462,700 $848,700 3.32 36.7 %

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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how to compute earnings per share please dont give image based thanku
### Financial Data and Ratio Calculations for Educational Purposes #### Balance Sheet Overview **Current Liabilities:** - **Accounts Payable:** - 2022: $159,200 - 2021: $144,800 - **Income Taxes Payable:** - 2022: $43,800 - 2021: $41,200 - **Total Current Liabilities:** - 2022: $203,000 - 2021: $186,000 **Long-term Liabilities:** - **Bonds Payable:** - 2022: $220,000 - 2021: $200,000 **Total Liabilities:** - 2022: $423,000 - 2021: $386,000 **Stockholders' Equity:** - **Common Stock ($5 par):** - 2022: $278,300 - 2021: $299,200 - **Retained Earnings:** - 2022: $266,100 - 2021: $163,500 **Total Stockholders' Equity:** - 2022: $544,400 - 2021: $462,700 **Total Liabilities and Stockholders' Equity:** - 2022: $967,400 - 2021: $848,700 All sales were on credit. Net cash from operating activities for 2022 was $225,000. Capital expenditures amounted to $141,000, and cash dividends paid were $82,200. #### Ratio Computation for 2022: **Instructions:** Round Earnings per Share, Current Ratio, and Asset Turnover to 2 decimal places (e.g., 1.65 or 1.65:1), and all other answers to 1 decimal place (e.g., 6.8 or 6.8%). Use 365 days for calculation. - **(a) Earnings per Share:** - Result: **$3.32** - **(b) Return on Common Stockholders’ Equity:** - Result: **36.7%**
Transcribed Image Text:### Financial Data and Ratio Calculations for Educational Purposes #### Balance Sheet Overview **Current Liabilities:** - **Accounts Payable:** - 2022: $159,200 - 2021: $144,800 - **Income Taxes Payable:** - 2022: $43,800 - 2021: $41,200 - **Total Current Liabilities:** - 2022: $203,000 - 2021: $186,000 **Long-term Liabilities:** - **Bonds Payable:** - 2022: $220,000 - 2021: $200,000 **Total Liabilities:** - 2022: $423,000 - 2021: $386,000 **Stockholders' Equity:** - **Common Stock ($5 par):** - 2022: $278,300 - 2021: $299,200 - **Retained Earnings:** - 2022: $266,100 - 2021: $163,500 **Total Stockholders' Equity:** - 2022: $544,400 - 2021: $462,700 **Total Liabilities and Stockholders' Equity:** - 2022: $967,400 - 2021: $848,700 All sales were on credit. Net cash from operating activities for 2022 was $225,000. Capital expenditures amounted to $141,000, and cash dividends paid were $82,200. #### Ratio Computation for 2022: **Instructions:** Round Earnings per Share, Current Ratio, and Asset Turnover to 2 decimal places (e.g., 1.65 or 1.65:1), and all other answers to 1 decimal place (e.g., 6.8 or 6.8%). Use 365 days for calculation. - **(a) Earnings per Share:** - Result: **$3.32** - **(b) Return on Common Stockholders’ Equity:** - Result: **36.7%**
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