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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per share
to 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, 2022
Dec. 31, 2021
Total assets
$603,200
(a)
Total liabilities
$68,120
$91,520
Shareholders' equity
%$4
(b)
$585,000
Net income
$46,000
(c)
Cash dividends declared
$7,800
$6,600
Weighted avg. # of common shares
453,334
468,000
Basic earnings per share
(d)
$0.10
Payout ratio
8.6 %
(e)
Return on common shareholders' equity
% (f)
8.0 %
%24
%24
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F57a3d338-de20-4ea6-aab9-3f01357cec02%2F0dd02617-7d96-418b-aaca-615088fba3c6%2F9fci3va_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assuming that there are no preferred shareholders, complete the missing data on the following table. (Round basic earnings per share
to 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, 2022
Dec. 31, 2021
Total assets
$603,200
(a)
Total liabilities
$68,120
$91,520
Shareholders' equity
%$4
(b)
$585,000
Net income
$46,000
(c)
Cash dividends declared
$7,800
$6,600
Weighted avg. # of common shares
453,334
468,000
Basic earnings per share
(d)
$0.10
Payout ratio
8.6 %
(e)
Return on common shareholders' equity
% (f)
8.0 %
%24
%24
%24
%24
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