E11-17 (Algo) Determining the Effect of a Stock Repurchase on EPS and ROE [LO 11-2, LO 11-5) Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. December 31, 2020 March 31, 2021 $ 46,000 27,600 18,400 $ 46,000 27,600 18,400 $ 92,000 $92,000 Common Stock, $1 par, 46,000 shares issued and outstanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity During the quarter ended March 31, SPI reported Net Income of $6,440 and declared and paid cash dividends totaling $6,440. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31, Complete this question by entering your answers in the tabs below. Required 1 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity %
E11-17 (Algo) Determining the Effect of a Stock Repurchase on EPS and ROE [LO 11-2, LO 11-5) Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. December 31, 2020 March 31, 2021 $ 46,000 27,600 18,400 $ 46,000 27,600 18,400 $ 92,000 $92,000 Common Stock, $1 par, 46,000 shares issued and outstanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity During the quarter ended March 31, SPI reported Net Income of $6,440 and declared and paid cash dividends totaling $6,440. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31, Complete this question by entering your answers in the tabs below. Required 1 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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E11-17 (Algo) Determining the Effect of a Stock Repurchase on EPS and ROE [LO 11-2, LO 11-5]
Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021.
December 31,
2020
March 31,
2021
$ 46,000
27,600
18,400
$ 92,000
Common Stock, $1 par, 46,000 shares issued and outstanding
Additional Paid-In Capital
Retained Earnings
$ 46,000
27,600
18,400
Total Stockholders' Equity
$ 92,000
During the quarter ended March 31, SPI reported Net Income of $6,440 and declared and paid cash dividends totaling $6,440.
Required:
1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31.
Complete this question by entering your answers in the tabs below.
Required 1
Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share"
to 2 decimal places and "Return on Equity" to 1 decimal place.)
Earnings per Share
Return on Equity
%
Required s](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2Fc9c563e4-ed84-40cb-afaa-f5466d47dffa%2F091w87_processed.jpeg&w=3840&q=75)
Transcribed Image Text:S
E11-17 (Algo) Determining the Effect of a Stock Repurchase on EPS and ROE [LO 11-2, LO 11-5]
Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021.
December 31,
2020
March 31,
2021
$ 46,000
27,600
18,400
$ 92,000
Common Stock, $1 par, 46,000 shares issued and outstanding
Additional Paid-In Capital
Retained Earnings
$ 46,000
27,600
18,400
Total Stockholders' Equity
$ 92,000
During the quarter ended March 31, SPI reported Net Income of $6,440 and declared and paid cash dividends totaling $6,440.
Required:
1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31.
Complete this question by entering your answers in the tabs below.
Required 1
Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share"
to 2 decimal places and "Return on Equity" to 1 decimal place.)
Earnings per Share
Return on Equity
%
Required s
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