Assume the following is the stockholders' equity section from Altria's 2016 balance sheet.December 31 ($ millions)2016$ 935Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued)....Additional paid-in capital.Earnings reinvested in the businessAccumulated other comprehensive losses (including currency translation of$1,317 in 2016).6,06154,666Cost of repurchased stock (721,696,918 shares in 2016),Total stockholders' equity..(1,853)(24.102)$35,707At what average price has Altria issued its common stock?a. $ 2.49b. $ 0.33c. $12.73d. $33.40

The average price at which each share was issued needs to be computed.

Answered: Assume the following is the…

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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Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) 2018 Common stock, $0.50 par value; 6,500,000 authorized shares; 3,577,107,522 issued shares $1,789 Other paid-in capital 31,046 Retained earnings 34,063 Accumulated other comprehensive loss (4,436) Stockholders' equity before deduction for treasury stock $62,103 Less treasury stock, at cost: 984,543,979 shares Total Merck & Co. Inc. stockholders' equity 40,743 $21,360 a. Show the computation of the $1,789 million in the common stock account. shares x $ per share is approximately $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two…
2. Assume the following data relative to ABC Corporation for 2016 is available: Net Income $1,400,000 Transactions in common shares. Jan 1, 2016 Beginning number: March 1, 2016 Purchased treasury shares June 1,2016 Stock split 2 for 1 Nov 1, 2016 Issuance of new shares 500,000 60,000 4. What is Diluted EPS per share? a 1.43 b. 1.57 c. 1.17 d. 1.24 120,000 8% Cumulative Preferred Stock Sold at par, convertible into 200,000 shares as adjusted for stock split $1,000,000 Stock Options-60,000 options Exercisable at the option price of $25 per share. $30 average market price in 2016, $20 year end marke price (market price and option price adjusted for stock split)
Wilco Corporation has the following account balances at December 31, 2017. Share capital—ordinary, $5 par value $ 510,000 Treasury shares 90,000 Retained earnings 2,340,000 Share premium—ordinary 1,320,000 InstructionsPrepare Wilco’s December 31, 2017, equity section.
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Statement of stockholders' equityScott Lockhart owns and operates AAA Delivery Services. On January 1,20Y7, Common Stock had a balance of $40,000, and Retained Earningshad a balance of $815,500. During the year, no additional common stock was issued, and $10,000 of dividends were paid. For the year endedDecember 31, 2017, AAA Delivery reported a net income of $67,250.Prepare a statement of stockholders' equity for the year endedDecember 31, 20Y7.
H6. Earnings Per Share Financial statement data for years ending December 31 for Jardine Company are shown below. 2016 2015 Net income $415,500 $331,000 Preferred dividends $63,000 $63,000 Average number of common shares outstanding 50,000 shares 40,000 shares a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places. 2016 $fill in the blank 1 per share 2015 $fill in the blank 2 per share b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend? Show proper calculation
Given the following information, what is the ratio of liabilities to stockholders’ equity?
On its Form 10-K for the year ended December 31, 2016, Ameri Bank Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $17,287 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $15,804 c. Answer $9,993 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.34 $0.94
Ex8: A company was organized in January 2016 and has 15,000 shares of $12 par value, 20%, nonparticipating preferred stock outstanding and 50,000 shares of $7 par value common stock outstanding. It has declared and paid cash dividends each year as shown below. Calculate the total dividends distributed to each class of stockholder under each of the assumptions given. 2016 2017 $20,000 $30,000 $60,000 2018 Required: Complete the amount of total dividends allocated to each class of stock during 2016-2018. Cumulative: Year Preferred Common 2016 2017 2018. Non-Cumulative: Year Preferred Common 2016 2017 2018 To calculate the total dividends distributed to each class of stockholder under each assumption, we need to consider whether the preferred stock is cumulative or non-cumulative. Here are the calculations for both scenarios: 1. Cumulative Preferred Stock: Year 2016:
what is the the quick ratio for both years

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