Sh8 Flounder Inc. has the following selected financial data:Net incomeTotal assetsPreferred shares, 6%, cumulativeCommon sharesRetained earningsAccumulated other comprehensive incomeTotal shareholders' equityCash dividends paid in the yearMarket price of common sharesWeighted average number of common sharesThere were no preferred dividends in arrears.(a)(3)(4)(5)Book valueRate of return on total assets2023eTextbook and Medi$713,0005,133,000617,000355,0002,798,000148,0003,918,000133,000$96.2787,000Calculate the following ratios for 2023: (Round your answers to 2 decimal places, eg. 52.75 or 52.75%)(1)Rate of return on common shareholders' equity(2)Payout ratioPrice earnings ratio2022$665,0004,538,000617,000355,0002.218,000133,7003,323,700176,000$63.3787,000times

Lets understand the basics. Rate of return on common stockholders equity shows how much net income…

Flounder Inc. has the following selected financial data: Net income Total assets Preferred shares, 6%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares There were no preferred dividends in arrears 2023 $713,000 5,133,000 617,000 355,000 2,798,000 148,000 3,918,000 133,000 $96.27 87,000 2022 $665,000 4,538,000 617.000 355.000 2.218,000 133,700 3,323,700 176,000 $63.37 87,000

Flounder Inc. has the following selected financial data: Net income Total assets Preferred shares, 6%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares There were no preferred dividends in arrears 2023 $713,000 5,133,000 617,000 355,000 2,798,000 148,000 3,918,000 133,000 $96.27 87,000 2022 $665,000 4,538,000 617.000 355.000 2.218,000 133,700 3,323,700 176,000 $63.37 87,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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