Question-based on, "calculate earnings". I have tried but no answer. This financial information is available for Crane Corporation.20202019Average common stockholders' equity$1,780,000$1,900,000Dividends paid to common stockholders90,50068,000Dividends paid to preferred stockholders19,50019,500Net income294,500240,500Market price of common stock2223The weighted-average number of shares of common stock outstanding was 175,500 for 2019 and 146,500 for 2020.Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g.10.50% or $10.50.) 20202019Earnings per share2$2$Return on common stockholders' equity

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Description: Question-based on, "calculate earnings". I have tried but no answer. This financial information is available for Crane Corporation.20202019Average common stockholders' equity$1,780,000$1,900,000Dividends paid to common stockholders90,50068,000Dividen

Answered: Calculate earnings per share and return…

Business

Accounting

Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g. 10.50% or $10.50.)

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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Question-based on, "calculate earnings".

I have tried but no answer.

This financial information is available for Crane Corporation.
2020
2019
Average common stockholders' equity
$1,780,000
$1,900,000
Dividends paid to common stockholders
90,500
68,000
Dividends paid to preferred stockholders
19,500
19,500
Net income
294,500
240,500
Market price of common stock
22
23
The weighted-average number of shares of common stock outstanding was 175,500 for 2019 and 146,500 for 2020.
Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g.
10.50% or $10.50.)

2020
2019
Earnings per share
2$
2$
Return on common stockholders' equity

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Step 1

EPS = Earnings per share.

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