es Common Stock, $1 par, 51,000 shares issued and outstanding Additional Paid-In Capital Retained Earnings. Total Stockholders' Equity Complete this question by entering your answers in the tabs below. 2020 $ 51,000 30,600 20,400 $ 102,000 During the quarter ended March 31, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 10,100 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter ended June 30, 2021, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. 2021 $ 51,000 30,600 20,400 $ 102,000 Earnings per Share Return on Equity Required 1 Required 2 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.);
es Common Stock, $1 par, 51,000 shares issued and outstanding Additional Paid-In Capital Retained Earnings. Total Stockholders' Equity Complete this question by entering your answers in the tabs below. 2020 $ 51,000 30,600 20,400 $ 102,000 During the quarter ended March 31, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 10,100 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter ended June 30, 2021, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. 2021 $ 51,000 30,600 20,400 $ 102,000 Earnings per Share Return on Equity Required 1 Required 2 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.);
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please avoid solutions in an image format thnks
Transcribed Image Text:es
Complete this question by entering your answers in the tabs below.
Common Stock, $1 par, 51,000 shares issued and outstanding
Additional Paid-In Capital
$ 51,000
30,600
20,400
Retained Earnings
Total Stockholders Equity
$ 102,000
During the quarter ended March 31, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610.
Required:
1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31.
2. Assume SPI repurchases 10,100 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter
ended June 30, 2021, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610. Calculate earnings
per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021.
December 31,
2020
Earnings per Share
Return on Equity
March 31,
2021
$ 51,000
30,600
20,400
$ 102,000
Required 1 Required 2
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.).
%
Transcribed Image Text:Assume SPI repurchases 10,100 of its common stock at a price of $2 per share on April 1, 2021. Also assume that
quarter ended June 30, 2021, SPI reported Net Income of $5,610 and declared and paid cash dividends totaling $5,610.
Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. (Round "Earnings per
Share" to 3 decimal places and "Return on Equity" to 1 decimal place.)
Earnings per Share
Show less A
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