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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
how to compute earnings per share please dont give image based thanku

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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