At the end of the accounting period, Harris Company had a balance of $7,600 in its common stock account, additional paid in capital of $9,700, retained earnings of $8,000, and $5,500 of treasury stock. The total amount of stockholders' equity is: A. $11,800. B. $30,800. C. $23,200. D. $19,800.

At the end of the accounting period, Harris Company had a balance of $7,600 in its common stock account, additional paid in capital of $9,700, retained earnings of $8,000, and $5,500 of treasury stock. The total amount of stockholders' equity is: A. $11,800. B. $30,800. C. $23,200. D. $19,800.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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