Mechforce, Incorporated had net income of $171,200 for the year ended December31, 2022. At the beginning of the year, 16,000 shares of common stock wereoutstanding. On April 1, an additional 17,000 shares were issued. On October 1, thecompany purchased 6,000 shares of its own common stock and held them astreasury stock until the end of the year. No other changes in common sharesoutstanding occurred during the year. During the year, Mechforce paid the annualdividend on the 8,000 shares of 3.35%, $100 par value preferred stock that wereoutstanding the entire year.Required:Calculate basic earnings per share of common stock for the year ended December31, 2022.Note: Do not round intermediate calculations. Round your answer to 2 decimalplaces.

Earnings per share (EPS) quantifies a company's profitability by dividing its net income…

Answered: Calculate basic earnings per share of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete this section of the income statement in the table below. attached is the income statement and balance sheet for your reference. Per Share Data 2021 Common Stock Price $ 28.0 Earnings Per Share (EPS) Dividend Per Share (DPS) Book Value Per Share (BVPS) Cash Flow Per Share
The stockholders’ equity accounts of Cheyenne Company have the following balances on December 31, 2020. Common stock, $10 par, 295,000 shares issued and outstanding $2,950,000 Paid-in capital in excess of par—common stock 1,280,000 Retained earnings 5,950,000 Shares of Cheyenne Company stock are currently selling on the Midwest Stock Exchange at $39.Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) A stock dividend of 7% is (1) declared and (2) issued. (b) A stock dividend of 100% is (1) declared and (2) issued. (c) A 2-for-1 stock split is (1) declared and (2) issued.
Consider the following price and dividend data for Quicksilver Inc.: Dividend ($) Price ($) $14.4 $13.51 $9.14 $10.74 $8.02 $7.72 Date December 31, 2020 January 26, 2021 April 28, 2021 July 29, 2021 October 28, 2021 December 30, 2021 Assume that you purchased Quicksilver's stock at the closing price on December 31, 2020 and sold it after the dividend had been paid at the closing price on January 26, 2021. Your capital gains rate (yield) for this period is closest to A. 0.88% OB. -5.42% $0.11 $0.11 $0.11 $0.11 OC.-6.18% OD. 0.8% ...
How much dividend was paid in year 2019? How much dividend was received by each share of stock in 2019? How many percent was the increase in total stockholders equity?
What is the Financial Analysis of each year?
Pina Colada Corp. had net income of $1612000 and paid dividends to common stockholders of $403000 in 2022. The weighted average number of shares outstanding in 2022 was 1047800 shares. Pina Colada Corp.'s common stock is selling for $30 per share on the NASDAQ. Pina Colada Corp.'s payout ratio for 2022 is
Shown as follows are the amounts from the stockholders' equity section of the balance sheets of Wasson Corporation for the years ended December 31, 2020 and 2021. Stockholders' equity: Capital Stock Retained Earnings Total stockholders' equity a. b. 2021 2020 $50,000 $30,000 200,000 180,000 $250,000 $210,000 Calculate the amount of additional investment that the stockholders made during 2021. Assuming that the corporation declared and paid $15,000 in dividends during 2021, calculate the amount of net income earned by the corporation during 2021. c. Explain the significance of the $200,000 balance of retained earnings at December 31, 2021.
The following financial information is available for Wildhorse Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income Payout ratio 2022 Return on common stockholders' equity $2,526 $2,608 298 40 504 2021 2022 635 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) 40 556 % % 2021 % %
Given the following price and dividend information, calculate the holding period return. (Enter percentages as decimals and round to 4 decimals) Stock: MSFT Year Price Dividend 2017 $ 64.65 2018 $ 95.01 $ 1.72 2019 $ 104.43 $ 1.89 2020 $ 107.23 $ 2.09 2021 $231.96 $ 2.30 2022 $310.98 $ 2.54 2023 $247.81 $ 3.00
Given the following price and dividend information, calculate the $1 invested equivalent. (Round to 4 decimals) Stock: MSFT Year Price Dividend 2017 $ 64.65 2018 $ 95.01 $ 1.72 2019 $ 104.43 $ 1.89 2020 $107.23 $ 2.09 2021 $231.96 $ 2.30 2022 $310.98 $ 2.54 2023 $ 247.81 $ 3.00
Sunland Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $4,800; 2022, $13,600; and 2023, $29,000. (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative. Allocation to preferred stock Allocation to common stock A 2021 4,800 0 LA 2022 7,000 6,600 2023 7,000 22,000
During the year 2019, Howard industries reported net income of P1,000,000. The company declared and paid preferred stock dividends of P250,000. During the year 2019, Howard industries had a weighted average of 190,000 common shares outstanding. Find 2019 earnings per share.

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Calculate basic earnings per share of common stock for the year ended December 31, 2022.