Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg $2.55) Earnings per share $2,360,000 5,500,000 810.000 272,400 163,200

Bramble Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg $2.55) Earnings per share $2,360,000 5,500,000 810.000 272,400 163,200

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.)
Wildhorse Inc. presented the following data. Net income Preferred stock:53,000shares outstanding, $100 par,8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ $2,340,000 5,300,000 692,400 321,600 160,800
Skysong Inc. presented the following data. Net income Preferred stock:52,000shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share.(Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ $2,470,000 5,200,000 736,800 315,600 134,400
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Tamarisk Inc. presented the following data. Net income Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ 1.11 $2,392,940 5,200,000 816,000 273,600 136,800
Kingbird Inc. presented the following data. Net income Preferred stock 45,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Earnings per share $2,707,240 4,500,000 714,000 271,200 135,600
Flagstad Inc. presented the following data. Net income Preferred stock: 50,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ $2,500,000 5,000,000 750,000 300,000 150,000
Crane Inc. presented the following data. Net income $2,354,580 Preferred stock: 45,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,500,000 Common stock: Shares outstanding 1/1 811,200 Issued for cash, 5/1 302,400 Acquired treasury stock for cash, 8/1 151,200 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)
Marin Inc. presented the following data. Net income $2,540,000 Preferred stock: 54,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,400,000 Common stock: Shares outstanding 1/1 718,800 Issued for cash, 5/1 328,800 Acquired treasury stock for cash, 8/1 165,600 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share 2$
Selected data for Thornton Company for Year 3 follows: Earnings (net income) Preferred stock (12,400 shares at $50 par, 4%) Common stock (44,600 shares no par, market value $47) Retained earnings Less: Treasury stock Preferred (1,900 shares) Common (1,900 shares) Total stockholders' equity Required a. Calculate the following ratios for Thornton Company. Note: Round Intermediate calculations and final answers to 2 decimal places. Earnings per share Price-earnings ratio Return on equity $ 53,000 27,000 % $ 184,000 $ 620,000 527,000 576,500 1,723,500 80,000 $ 1,643,500
Splish Inc. presented the following data. Net income $2,700,000Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000Common stock: Shares outstanding 1/1 781,200Issued for cash, 5/1 278,400Acquired treasury stock for cash, 8/1 153,6002-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
Loudoun Corporation's balance sheet reflected the following information. Common stock, $2 par Paid-in capital in excess of par - Common Required: Assuming all the stock was issued in a single transaction, what was the issue price per share of the stock? Note: Round your answer to 2 decimal places. Issue price $153,000 212,000 per share