Beacon Enterprises reported a net income of $75,000 in September. During the same period, the company paid $15,000 in dividends. There was no beginning balance in stockholders' equity. What is the ending balance in stockholders' equity?
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- At the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions affecting stockholders’ equity during the year were net income of $60,800 and dividends of $16,600.Required:Calculate Shannon Co.’s return on equity (ROE) % for the year.Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $290,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $3.95 per share during the year. Also assume that the company's common stock had a market price of $70 at the end of the year and there was no change in the number of outstanding shares of common stock during the year. Required: Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.) 4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Dividend payout ratio % 3. Dividend yield ratio % 3.…A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) Profit margin ratio. (b) Retum on total assets. (c) Return on ordinary shareholders' equity. (d) Basic earnings per share. (e) Price earnings ratio. (f) Dividend yield. Net sales Cost of goods sold..... Gross profit..... Operating expenses Operating income Interest expense Income before taxes Income taxes. Net profit www***** Accounts receivable (net). Inventory..... Property, plant and equipment (net) . Total assets Current liabilities. Long-term notes payable .…..... Share Capital: $5 par value Retained earnings...... Total liabilities and equity. $650,000 422,500 $227,500 140,500 $ 87,000 9,100 $77,900 23,400 $ 54,500 Ending Balances $…
- What is the price earnings ratio on these financial accounting question?Nilam Corp.'s total common equity at the end of last year was $426,000 and its net income after taxes was $73,000. What was its ROE? A. 17.14% B. 13.18% C. 15.38% D. 16.28% E. 18.08%. ANSWER this accounting questionEaster Egg and Poultry Company has $1,700,000 in assets and $681,000 of debt. It reports net income of $148,000. a. What is the firm's return on assets? Note: Enter your answer as a percent rounded to 2 decimal places. Return on assets b. What is its return on stockholders' equity? Note: Enter your answer as a percent rounded to 2 decimal places. Return on equity ......... Profit margin % c. If the firm has an asset turnover ratio of 1 times, what is the profit margin (return on sales)? Note: Enter your answer as a percent rounded to 2 decimal places. % %
- Stockholders' equity totaled $38,000 at the beginning of the year. During the year, net income was $8,000, dividends of $2,500 were declared and paid, and $6,000 of common stock was issued at par value. Required: Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect.Balrog & Orc Inc. report basic earnings per share of $2.50 and diluted earnings per share of $2.40 this year. Last year, both figures were $2.20. What must they disclose on their income statement?Equator Corporation has the following data available on December 31 for the year just ended:Average total assets for the year $ 800,000Total stockholders' equity at the beginning of the yearTotal stockholders' equity at the end of the year 600,000Net Income 250,000Interest expense 30,000Preferred dividends 50,000525,000The company’s return on assets for the year is closest toa. 21.25%.b. 25.00%.c. 31.25%.d. 44.44%.