Additional information:Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022.(Use a simple average for weighted-average.)The market price of Bonita stock was $30 on December 31, 2022Cash dividends of $21,840 were declared and paid.1.23.Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place,eg. 6.8 or 6.8%)(a)(b)(c)(d)Earnings per share $Price-earnings ratioPayout ratioTimes interest earnedtimes.%times Here is the income statement for Bonita, Inc.Net salesCost of goods soldGross profitExpenses (including $10,000 interest and $22,000 income taxes)Net incomeAdditional information:1.Bonita, Inc.Income StatementFor the Year Ended December 31, 20222.3.$450,000196,000254,000101,000$153,000Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022.(Use a simple average for weighted-average.)The market price of Bonita stock was $30 on December 31, 2022Cash dividends of $21,840 were declared and paid.

The times interest earned ratio is generally used by lenders, creditors, or bankers before providing…

Answered: Additional information: 1. 2 3. Compute…

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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Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price Required: 1-a. Calculate earnings per share in 2023 and 2024. 1-b. Did earnings per share increase in 2024? 2024 $156 $23 300 $11.87 2023 $188 $18 400 $10.82
At December 31, 2020, Carla Vista Company has $520,000 of $100 par value, 7%, cumulative preferred stock outstanding and $2,130,000 of $10 par value common stock issued. Carla Vista's net income for the year is $441,100. Compute earnings per share of common stock for 2020 under the following independent situations. (Round answers to 2 decimal places, eg. 1.50.) (a) (b) (a) (b) The dividend to preferred stockholders was declared, and there has been no change in the number of shares of common stock outstanding during the year. The dividend to preferred stockholders was not declared, and 10,500 shares of common treasury stock were held throughout the year. The preferred stock is cumulative. Earnings per share of common stock Earnings per share of common stock 50 S S
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)
2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02
D
Blossom Corporation issued $3 million of 10-year, 6% callable convertible subordinated debentures on January 2, 2023. The debentures have a face value of $1,000, with interest payable annually. The current conversion ratio is 13:1, and in two years it will increase to 16:1. At the date of issue, the bonds were sold at 100 to yield a 6% effective interest rate. The bond discount is amortized using the effective interest method. Blossom's effective tax rate was 30%. Net income in 2023 was $7.0 million, and the company had 2 million shares outstanding during the entire year. For simplicity, ignore the requirement to record the debentures' debt and equity components separately.
Net sales Cost of goods sold Gross profit Expenses (including $11,700 interest and $29,700 income taxes) Net income Additional information: 1. METLOCK, INC. Income Statement For the Year Ended December 31, 2022 2. 3. $449,500 211,500 238,000 78,800 $ 159,200 Common stock outstanding January 1, 2022, was 22,400 shares, and 37,300 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Metlock stock was $13 on December 31, 2022. Cash dividends of $22,600 were declared and paid.
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Listed here are data for five companies. These data are for the companies' 2019 fiscal years. The market price per share is the closing price of the companies' stock the day after they announced their 2019 earnings. Except for market price per share, all amounts are in millions. The shares outstanding number is the weighted-average number of shares the company used to compute basic earnings per share. Note that the numbers for Mountainview Investments are significantly different that the other companies. For example, the number for its shares outstanding includes a decimal, not a comma. Its shares outstanding are about are 1.6 million, not 1.6 billion. Company Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation Net Earnings $12,495 82,355 15,280 8,255 6,088 Company Stockholders' Shares Market Price Equity Outstanding per Share $62,998 1,415 $2,006.00 429,386 1.652 Nile.com Mountainview Investments Big Oil Soda Fizz Incorporated Ringer Corporation 199,674…
The following information (in millions of dollars) is available for Sarasota Sportswear for 2022: Sales revenue Stock price per share Average shares outstanding $6,300 Earnings per share $ $18.50 345.0 million Net income Preferred stock dividend $621.0 $0 Compute 2022 earnings per share for Sarasota Sportswear. (Round answer to 2 decimal places, e.g. 15.25.)
The following financial information is available for Flintlock Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income BIU T₂ T² Ix !!! 111 2022 lil $2,532 298 40 504 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. Comment on your findings. W 2021 $2,591 144 611 40 555 트 M II á TT ¶ O Word(s)

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