Give correct answer accounting Assume the following is the stockholders' equity section of the 2016 Merck &Co., Inc., balance sheet.Stockholders' Equity ($ millions) 2016:Common stock, one cent par value; Authorized-5,400,000,000shares; Issued-2,976,223,337 shares-2016Other paid-in capitalRetained earningsAccumulated other comprehensive incomeLess treasury stock, at cost; 794,299,347 shares-2016Total stockholders' equity$29.86,90037,918.952.344,90126,984.4$17,916.6How many common shares are outstanding as of December 31, 2016?A. 2,976,223,337B. 3,770,552,684C. 5,400,000,000D. 2,181,923,990

Step 1: Define Stock RepurchaseTreasury shares represent shares issued but not outstanding anymore…

Answered: Assume the following is the…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.16E

See similar textbooks

Similar questions

Assume the following is the stockholders' equity section from Altria's 2016 balance sheet. December 31 ($ millions) 2016 $ 935 Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued).... Additional paid-in capital. Earnings reinvested in the business Accumulated other comprehensive losses (including currency translation of $1,317 in 2016). 6,061 54,666 Cost of repurchased stock (721,696,918 shares in 2016), Total stockholders' equity.. (1,853) (24.102) $35,707 At what average price has Altria issued its common stock? a. $ 2.49 b. $ 0.33 c. $12.73 d. $33.40
Calculate return on equity for 2018 and 2019 (stockholders’ equity for 2017 was $134,047 million).
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ 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…
The financial statements of Friendly Fashions include the following selected data (in millions):($ in millions) 2021 2020Sales $ 10,043 $ 11,134Net income $ 312 $ 818Stockholders’ equity $ 1,850 $ 2,310Average shares outstanding (in millions) 675 –Dividends per share $ 0.31 –Stock price $ 6.20 –Required:1. Calculate the return on equity in 2021.2. Calculate the dividend yield in 2021.3. Calculate earnings per share in 2021.4. Calculate the price-earnings ratio in 2021.
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016 Payout ratio
I want answer of the question
How much is the balance of common stock after the above transactions? 2. How much is the total share premium of CAREBEAR CO on December 31, 2018?
Assume the following is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Assume the following is the 2016 stockholders' equity section from the Cisco Systems, Inc., balance sheet. Shareholders’ Equity ($ thousands) January 30, 2016 January 31, 2015 Class A common stock-$0.01 par value: 150,000,000 shares authorized and 103,300,000 shares issued at January 30, 2016 and January 31, 2015, respectively/td> $1,033 $1,033 Paid-in capital 161,678 140,251 Retained Earnings 1,357,791 1,076,023 Accumulated other comprehensive income (796) - Deferred compensation 26,206 15,048 Treasury stock at average cost: 15,573,789 and 17,262,943 shares at January 30, 2016 and January 31, 2015, respectively (550,795) (563,029) Total shareholders’ equity $995,117 $669,326 For the $22,394 million reported as “common stock and additional paid-in capital,” what portion is common stock? How many shares are outstanding at its 2016 fiscal year-end?
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016
Solution
Help
Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $243 $252 Dividends on preferred stock $30 $25 Average shares outstanding (in millions)$300 $350 Stock price $11.77 $10.72 Calculate the price-earnings ratio in 2017 and 2018. Farrell Company has provided the following data: Common stock: 30,000 Market value, December 31 $165,000 Shares outstanding Book value, December 31 Dividends paid $50,000 $90,000 Preferred stock, 10 %, $100 par $100,000 Net income $150,000 Interest on long-term debt The price-earnings ratio is: $15,000

SEE MORE QUESTIONS

Recommended textbooks for you

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning