Need answer the financial accounting question not use chatgpt During all of the fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10par common stock and 5,000 shares of noncumulative, $100 par value, 6% preferred stock.For 2017, Alpha Corporation had $230,000 net income, and dividends were paid only topreferred shareholders.Use this information to determine how much Alpha Corporation should report for 2017basic earnings (loss) per share for income (loss) from continuing operations.

Step 1: Define Earnings Per ShareIt measures a company's profitability and is computed by dividing…

Answered: During all of the fiscal year 2017,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 18P

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Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares of 10%, 100 par, nonconvertible preferred stock outstanding, on which the years dividends had been paid. At the beginning of 2019, the company had 7,000 shares of common stock outstanding. On April 2, 2019, the company issued another 2,000 shares of common stock so that 9,000 common shares were outstanding at the end of 2019. Common dividends of 17,000 had been paid during 2019. At the end of 2019, the market price per share of common stock was 17.50. Required: 1. Compute Mononas basic earnings per share for 2019. 2. Compute the price/earnings ratio for 2019.
Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 290,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017?
What are the common earnings per share for 2017 on these financial accounting question?
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
Rudolph Corporation showed retained earnings of $400,000 on its balance sheet for 2016. In 2017, the company’s earnings per share (EPS) were $3.00 and its dividends paid per share (DPS) were $1.00. The company has 200,000 shares of stock outstanding. What will be the level of retained earnings on the company’s 2017 balance sheet?
Phelps, Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $9,456. The company had assets of $99,361, liabilities of $22,261, 11,401 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $10,598. Required: a. Calculate EPS for 2018. b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate EPS for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS
The 2017 income statement of Wasmeier Corporation showed net income of $480,000 and a loss from discontinued operations of $120,000. Wasmeier had 100,000 shares of common stock outstanding all year. Prepare Wasmeier’s income statement presentation of earnings per share.
The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from discontinued operations of $77,400. Coronado had 60,000 shares of common stock outstanding all year. Prepare Coronado’s income statement presentation of earnings per share
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 2015: December 31 Total assets Notes payable (8% interest) Common stock Preferred 4% stock, $100 part (no change during year) 20Y7 $204,000 70,000 28,000 14,000 20Y6 $184,000 70,000 28,000 14,000 73,380 Retained earnings 51,840 42,000 The 2017 net income was $22,100, and the 20Y6 net income was $10,400. No dividends on common stock were declared between 20Y5 and 2017. Preferred dividends were declared and paid in full in 2016 and 20Y7. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has % % 20Y5 $164,000 70,000 28,000 % 14,000 M % % Since the rate…
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%.
Nash Corporation had net sales of $2,417,500 and interest revenue of $39,900 during 2017. Expenses for 2017 were cost of goods sold $1,462,200, administrative expenses $221,900, selling expenses $295,900, and interest expense $49,500. Nash’s tax rate is 30%. The corporation had 104,500 shares of common stock authorized and 70,380 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Nash Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) NASH CORPORATIONIncome Statementchoose the accounting period December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017 select an opening name for this statement DividendsEarnings Per ShareExpensesGross Profit / (Loss)Income Before Income TaxIncome From OperationsNet Income / (Loss)Net SalesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal RevenuesOther Revenues and GainsOther Expenses and Losses…
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