Icon Corporation's return on common stockholders' equity is Icon Corporation had a net income of $85,420and paid dividends of $28,300 to commonstockholders and $18,900 to preferredstockholders in 2022. Icon Corporation'scommon stockholders' equity at the beginningand end of 2022 was $510,000 and $590,000,respectively.Icon Corporation's return on commonstockholders' equity is_

To calculate Return on Common Stockholders' Equity (ROE), we use the following formula:ROE=Average…

Answered: Icon Corporation had a net income of…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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Whispering Winds Corp. had net income of $106600 and paid dividends of $47500 to common stockholders and $23500 to preferred stockholders in 2020. Whispering Winds Corp's common stockholders' equity at the beginning and end of 2020 was $867000 and $1320000, respectively. Whispering Winds Corp's payout ratio for 2020 was O 44.56%. O 4.75%. O 43.65%. O 15.05%.
The following information is provided for Apolis Inc. Total common stockholders' equity on Dec. 31, 2020 $302,000 Total common stockholders' equity on Dec. 31, 2019 $288,000 Sales, 2020 $165,000 Total assets $605,000 Common shares outstanding, 2020 Dividends declared and paid, 2020 Market price per share, Dec. 31, 2020 If the payout ratio is .20, what is the return on equity? Select one: O O O a. 0.10 b. 0.09 c. 0.08 d. 0.07 « Previous 50,000 $6,000 $21 Save Answers
Target had net income of $140,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2020. Target's common stockholders' equity at the beginning and end of 2020 was $870,000 and $1,130,000, respectively. Target's payout ratio for 2020 was O 4% 42.9% O 28.6% O 14.3%
In 2020, Cullumber Company reported net income of $ 202000. It declared and paid common stock dividends of $ 23000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent. $ 1.79 $ 0.46 $ 2.02 $ 2.25
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Pina Colada Corp. had net income of $1612000 and paid dividends to common stockholders of $403000 in 2022. The weighted average number of shares outstanding in 2022 was 1047800 shares. Pina Colada Corp.'s common stock is selling for $30 per share on the NASDAQ. Pina Colada Corp.'s payout ratio for 2022 is
The financial statements of Friendly Fashions include the following selected data (in millions):($ in millions) 2021 2020Sales $ 10,043 $ 11,134Net income $ 312 $ 818Stockholders’ equity $ 1,850 $ 2,310Average shares outstanding (in millions) 675 –Dividends per share $ 0.31 –Stock price $ 6.20 –Required:1. Calculate the return on equity in 2021.2. Calculate the dividend yield in 2021.3. Calculate earnings per share in 2021.4. Calculate the price-earnings ratio in 2021.
What is the company's return on common stockholder's equity for 2022 on these financial accounting question?
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