Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per shareto 2 decimal piaces, eg. 0.53 and retum on common shareholders' equity and payout ratio to 1 decimal place, e.g. 15.3%.)Dec. 31, 2022Dec. 31, 2021Total assets$603,200(a)Total liabilities$68,120$91,520Shareholders' equity%$4(b)$585,000Net income$46,000(c)Cash dividends declared$7,800$6,600Weighted avg. # of common shares453,334468,000Basic earnings per share(d)$0.10Payout ratio8.6 %(e)Return on common shareholders' equity% (f)8.0 %%24%24%24%24

Name: Assuming that there are no preferred shareholders, complete the missi
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Description: Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per shareto 2 decimal piaces, eg. 0.53 and retum on common shareholders' equity and payout ratio to 1 decimal place, e.g. 15.3

a) Total Assets = Total Liabilities + Shareholder's Equity b) Shareholder's Equity = Total Assets…

Business

Accounting

Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per shan to 2 decimal places, e.g. 0.53 and retuurn on common shareholders' equity and payout ratio to 1 decimal place, e.g. 15.3%.) Dec. 31, 2022 Dec. 31, 2021 Total assets $603,200 %24 (a) Total liabilities $68,120 $91,520 Shareholders' equity 24 (b) $585,000 Net income $46,000 24 (c) Cash dividends declared $7,800 $6,600 Weighted avg. # of common shares 453,334 468,000 Basic earnings per share 24 (d) $0.10 Payout ratio 8.6 % % (e) Return on common shareholders' equity % (f) 8.0 %

Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per shan to 2 decimal places, e.g. 0.53 and retuurn on common shareholders' equity and payout ratio to 1 decimal place, e.g. 15.3%.) Dec. 31, 2022 Dec. 31, 2021 Total assets $603,200 %24 (a) Total liabilities $68,120 $91,520 Shareholders' equity 24 (b) $585,000 Net income $46,000 24 (c) Cash dividends declared $7,800 $6,600 Weighted avg. # of common shares 453,334 468,000 Basic earnings per share 24 (d) $0.10 Payout ratio 8.6 % % (e) Return on common shareholders' equity % (f) 8.0 %

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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