Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its preferred stock for the year-end, the company had 280,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic earnings per share (EPS)? Choose Numerator: Basic Earnings per Share Basic earnings per share Basic Earnings per Share 1 1 Choose Denominator: = =

Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its preferred stock for the year-end, the company had 280,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic earnings per share (EPS)? Choose Numerator: Basic Earnings per Share Basic earnings per share Basic Earnings per Share 1 1 Choose Denominator: = =

Name: Ecker Company reports $1,950,000 of net income and declares $273,000
Uploaded: 2022-11-04T13:36:16.000Z
Channel: Bartleby
Description: Ecker Company reports $1,950,000 of net income and declares $273,000 of cash dividends on its preferred stock for theyear-end, the company had 280,000 weighted-average shares of common stock.1. What amount of net income is available to common stockh

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A company had the following stockholders' equity information available at year-end: - Reported 11,000 shares of $2 par common stock issued.- Reported 5,000 shares of $50 par, 6% preferred stock issued and outstanding.- Held 1,000 shares of treasury stock purchased in the previous year.- Reported net income of $200,000 for the current year.- Declared and paid the preferred stock dividend during the current year. Determine the earnings per share for the current year. Round your answer to two decimal places
4. What is the total share capital? 5. What is the retained earnings balance at the end of the year? 6. What is the total shareholders' equity?
A company reports the following: Net income $508,490 Preferred dividends $37,670 Shares of common stock outstanding 59,000 Market price per share of common stock $23.14 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
Assume that Farm Fresh Produce, Inc. has 725,000 shares of common stock outstanding and that the firm paid a “dividend per share” of $0.35 during the current year. What is the value of the total dividends paid to the common shareholders of Farm Fresh Produce, Inc. during the current year?
Prag Co. reported the following financial data for its most current year: Beginning-of-year common stock $80,000 Beginning-of-year retained earnings 175,400 Net income 32,250 Dividends paid 8,500 Issuance of common stock 15,000 Compute Prag's end-of-year total stockholders' equity.
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,350,500 $2,822,200 Net income 748,800 578,100 Dividends: On preferred stock (9,800) (9,800) On common stock (40,000) (40,000) Retained earnings, December 31 $4,049,500 $3,350,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,270,500 $3,934,620 Cost of merchandise sold 1,608,920 1,480,210 Gross profit $2,661,580 $2,454,410 Selling expenses $844,790 $1,058,190 Administrative expenses 719,640 621,470 Total operating expenses $1,564,430 $1,679,660 Income from operations $1,097,150 $774,750 Other revenue and…
Clair, Inc. reports net income of $700,000. It declares and pays dividends of $100,000 for the year, one-half of which relate to the preferred shares. The weighted average number of ordinary shares outstanding during the year is 200,000 shares, and the weighted average number of preferred shares outstanding during the year is 10,000 shares. Rounded to the nearest cent, earnings per share for Clair, Inc. is O $2.95. O $3.00. O $3.25. O $3.18.
Ridgetown Corporation started the year with 50,000 common shares outstanding. On April 1st, Ridgetown reacquired 5,000 of its own common shares. On July 1st, 10,000 common shares were issued. What will Ridgetown use in the denominator for its earnings per share calculation?
Please Do not Give image format
Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. 1. What is Jupiter Corporation’s weighted average number of shares for the year? 2. What is the numerator of the EPS calculation for Jupiter Corporation? 3. What is the EPS for the year for Jupiter Corporation? (rounded to two decimal places)
The following information is available for Amanda Co. for the current year. Common shares outstanding 150,000 Preferred stock dividend declared and paid $90,000 Net income $300,000 Calculate the company's earnings per share. a.$2.60 b.$1.10 c.$1.40 d.$2.00
A company reports the following: Net income $163,510 $12,110 Preferred dividends Shares of common stock outstanding 20,000 Market price per share of common stock $169.95 Determine the company's price-earnings ratio. Round your answer to two decimal places.