Please provide the answer to this financial accounting question using the right approach. During 2015, Horizon Technologies' net income was $420,000. Itscommon stockholders' equity was $600,000 at January 1, 2015, and$670,000 at December 31, 2015. During 2015, Horizon Technologieshad 12,000 outstanding shares of 7% $60 par value cumulativepreferred stock. What is Horizon Technologies' 2015 return on commonstockholders' equity?

Step 1: Define Return on Common Stockholders' EquityReturn on common stockholders' equity (ROE)…

Answered: During 2015, Horizon Technologies' net…

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

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.16E

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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%.
Macaroon Inc. has net income for 2016 of $272,000. At January 1, 2016, the company had outstanding 37,000 shares of $20 par value common stock and 5,000 shares of 8%, $100 par value cumulative preferred stock. On October 1, 2016, an additional 12,000 shares of common stock were issued.What is the earnings per share for 2016 (to the nearest cent)? Question 18 options: A) $5.80 B) $6.80 C) $4.74 D) $5.40
Evans Company reported net income of $1,050 million in 2016. The weighted average number of common shares outstanding during 2016 was 480 million shares. Evans paid $50 million in dividends on preferred stock, which was convertible into 40 million shares of common stock. What is the diluted earnings per share amount for 2016? Select one: a. $2.12 b. $2.02 c. $1.92 d. $2.19
Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000 in 2017. The weighted average number of shares outstanding in 2017 was 528000 shares. Marigold Corporation's common stock is selling for $50 per share on the NASDAQ. Marigold Corporation's price-earnings ratio is A) 3 times B) 11.5 times C) 7.5 times D) 16 times
Metlock Corporation had 2017 net income of $1,001,000. During 2017, Metlock paid a dividend of $2 per share on 43,250 shares of preferred stock. During 2017, Metlock had outstanding 295,000 shares of common stock.Compute Metlock’s 2017 earnings per share
Culver Corporation reported net income of $682,000 in 2017 and had 217,000 shares of common stock outstanding throughout the year. Also outstanding all year were 54,900 options to purchase common stock at $8 per share. The average market price of the stock during the year was $12. Compute diluted earnings per share.
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.
What is bicket's 2013 return on common stockholders' equity?
Gonzalez Company reported net income of $2,600 million in 2016. The weighted average number of common shares outstanding during 2016 was 1,108 million shares. Gonzalez paid $90 million in dividends on preferred stock.How much is basic earnings per share amount for 2016?
As of 2017, Buttle Corp. has $10 par, 2% preferred stock, 13,000 shares outstanding, and $1 par common stock with 64,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay at the end of the current year? Select one: a. None of these are correct. X b. $256,000 c. $263,800 d. $258,600 e. $7,800
Waterway Corporation reported net income of $643,000 in 2017 and had 244,000 shares of common stock outstanding throughout the year. Also outstanding all year were 61,500 options to purchase common stock at $8 per share. The average market price of the stock during the year was $12. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.)
What is Bicket's 2013 return on common stockholders equity on these accounting question?

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