Hello tutor please give me the Correct answer Bramble Corp. had a net income of $94,700 and paid dividends of$30,000 to common stockholders and $15,500 to preferredstockholders in 2017. Bramble Corp.'s common stockholders'equity at the beginning and end of 2017s was $440,000 and$550,000, respectively.Bramble Corp. return on common stockholders' equity is:a. 11%.b. 20%.C. 15%.d. 16%.

ROE = (net income - preferred dividend)/average shareholder's equity Let us compute the average…

Answered: Bramble Corp. had a net income of…

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

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.16E

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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. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
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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Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is? A. $3.9 per share. B. 13.6%. C. 16.6%. D. 9.7%.
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Waterway Corporation had net income of $200000 and pnid dividends to common stockholders of $25000 in 2017. The weighted average number of shares outstanding in 2017 was 57000 shares. Waterway Corporation's common stock is seling for $70 per share on the New York Stock Exchange. Waterway Corporation's payout ratio for 2017 s 12 5% 16% O S.04 per share 28.5%
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
The average stockholders’ equity for TWU Company for 2017 was $2,000,000. Included in this figure is $200,000 par value of 8% preferred stock, which remain unchanged during the year. The return on common shareholders’ equity was 12.5% during 2017. How much was the net income of the company in 2017?
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Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock outstanding throughout the year. Also outstanding all year were 63,300 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.)
Kinley Inc. provides the following information for the year 2016:Net Income $225,000Market Price per Share of Common Stock $50 per shareDividends Paid $50,000Common Stock Outstanding on Jan. 1, 2016 120,000 sharesCommon Stock Outstanding on Dec. 31, 2016 210,000 sharesThe company has NO preferred stock outstanding. Calculate the Earnings Per Share for the year 2016.

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