Gladstone plc had total equity of £162000 at 1 January 20X2. The company issued 51000 further 50p equity shares at a price of 120 pence on 1 April 20X2 and paid total dividends of £12800 on 1 July 20X2. The company made a loss after tax of £37000 for the year ended 31 December 20X2. What was Gladstone plc's total equity at 31 December 20X2?

Gladstone plc had total equity of £162000 at 1 January 20X2. The company issued 51000 further 50p equity shares at a price of 120 pence on 1 April 20X2 and paid total dividends of £12800 on 1 July 20X2. The company made a loss after tax of £37000 for the year ended 31 December 20X2. What was Gladstone plc's total equity at 31 December 20X2?

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

2. Oppnox Company reported net income of $750,000 for the year ended 31 December 20X1. The company had a weighted average of 690,000 shares of common stock outstanding. In addition, the company has only one potentially dilutive security: $50,000 of 6 percent convertible bonds, convertible into a total of 10,000 shares. Assuming a tax rate of 30 percent, calculate Oppnox's basic and diluted EPS.
–Assume Company XYZ had $60 million in net income over the past year, but did not pay any dividends and has 19 million common shares outstanding. –The resulting EPS for Company XYZ is:
) XYZ co paid $520 in dividends and $711 in interest expense. The addition to retained earnings is $497.74 and net new equity is $750. The tax rate is 34%. Sales are $6,250 and depreciation is $600. What are the earnings before interest and taxes?
an ordinary of a company which engages no external financing is selling for 50. eps is 7.5 of which 60 percent is paid in dividends. the company reinvested retained earnings at 10 percent.
CAP Corporation has reacquired 50,000 of its shares at $13 per share. The average cost of these shares was $11 per share and there was a prior credit balance of $100,000 in the contributed surplus account. Assuming the balance in the contributed surplus account is the result of prior transactions relating to the shares now being reacquired, the effect on retained earnings would be as follows: a) a credit of $100,000. b) a credit of $650,000. c) a debit of $100,000. d) no impact.
Bolton Corporation had additions to retained earnings for the year just ended of $629,000. The firm paid out $110,000 in cash dividends, and it has ending total equity of $7.24 million. a. If the company currently has 610,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. If the stock currently sells for $29.40 per share, what is the market-to-book ratio? The price-earnings ratio? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. If total sales were $10.54 million, what is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Earnings per share Dividends per share Book value per share b. Market-to-book ratio Price-earnings ratio c. Price-sales ratio times times times 4
A company’s share capital consists of 2,800,000 ordinary shares of 25 pence each.During its last financial year the company paid a dividend of 8 pence per share.The market price of the shares is currently £1.75.Calculate the dividend yield correct to one decimal place.
2. Wookie plc has a year end of 31 December. The company had 10 million 25 p ordinary shares in issue throughout the year ending 31 December 2021. On 1 August 2022, the company made a 1 for 5 rights issue to existing shareholders at a price of 80 pence per share. The share price immediately before the rights issue was £1.10. < Profit for the year ending 31 December 2021 was £3.75 million and profit for the year ending 31 December 2022 was £4.25 million. Requirements:< (a) Explain why the earnings per share figure is important to investors of listed companies.< (b) Explain the treatment of rights issues and bonus issues when calculating the earnings per share figure for a company in accordance with IAS 33 Earnings Per Share.< (c) Calculate Wookie plc's earnings per share figure for the year ending 31 December 2022 and the original and restated earnings per share for the year ending 31 December 2021.<
On 1 October 2013, Hoy had R2-5 million of equity shares of 50 cents each in issue. No new shares were issued during the year ended 30 September 2014, but on that date there were outstanding share options to purchase 2 million equity shares at R1.20 each. The average market value of Hoy's equity shares during the year ended 30 September 2014 was R3 per share. Hoy's profit after tax for the year ended 30 September 2014 was R1 550 000. In accordance with IAS 33 Earnings per Share, what is Hoy's diluted earnings per share for the year ended 30 September 2014? Select one: O a. 25.0 cents O b. 41.9 cents O c. 31.0 cents O d. 22.1 cents
Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE? a. 19.40% b.24.20% O c. 17.00% d. 17.40% e. 20.00%
Helmuth Inc's latest net income was $1,500,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? Do not round your intermediate calculations. O a. $2.31 O b. $3.24 O c. $3.00 O d. $2.28 Oe. $3.21
Electronic world inc paid out $24 million in total common dividends and reported $255.6 million of retained earnings at year-end. The prior year's retained earnings were $173.8 million. What was the net income? Assume that all dividens delcared were actually paid.