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.

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: balance sheets for Larry underwood motors shows a book value of stockholders equity book value per…

A: Price earnings ratio indicates no. of times a company's share price is trading as compared to its…

Q: Crane Company had 603000 shares of common stock outstanding on January 1, issued 904000 shares on…

A: Earnings per share :— It is calculated by dividing earnings available to common stockholders' by the…

Q: Crane Corporation had 2020 net income of $1.1 million. During 2020, Crane paid a dividend of $5 per…

A: EPS stands for earnings per share. The earnings per share is calculated as net income available to…

Q: Sandhill Corporation had the following information in its financial statements for the year ended…

A: Net income available for common stockholders is Total net income less Preference dividend for the…

Q: am. 127.

A: The objective of the question is to calculate the weighted-average number of common shares…

Q: At December 31, 2020, Reid Company had 600,000 shares of common stock issued and outstanding,…

Q: The 2020 income statement of Blossom Corporation showed net income of $1,271,000, which included a…

A: Earnings per share (EPS) which states that how much money which company could make for each and…

Q: Calculate Net income, EPS and Dividend per share for 2020. Outstanding common shares are 20,000…

A: 1.Net Income for year= Closing retained earning(December 31st 2020)+dividend paid in 2020-Opening…

Q: CorpCo gathered the following information at the end of the current fiscal year: Dividends on common…

A: The P-e ratio or price earnings ratio is the one which is determined to know if the per share value…

Q: The income statement for Bramble Inc. shows income before income taxes $1736000, income tax expenses…

A: Earnings per share (EPS): EPS equals the difference between net income and preferred share…

Q: MDL corporation had the following stock prices at the end of each year: 2017: $100, 2018: $150,…

A: Mean return can be calculated by using formula below.whereR1, R2 and Rn are return for respective…

Q: After Corporation had net income for 2025 of $60,000. After Corporation had 19,000 shares of common…

A: Step 1: given that, Net income = $60,000 Preferred dividends (dividend payments)= $6,000 Weighted…

Q: The financial statements of Trail Apparel include the following selected data (in millions): ($ in…

A: RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…

Q: Cullumber Inc. had net income for 2023 of $6,285,000. The company had 2,300,000 of common shares…

Q: The equity portion of the balance sheet for BusFinance Inc. for the year 2022 is shown in the table…

A: Market Value per share = $25Value of Common stock per share = $0.25Value of common Stock =…

Q: Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the…

A: The corporation used to identify diluted EPS for evaluating the per share earnings if the…

Q: Carla Vista Company had 190,800 shares of common stock outstanding on December 31, 2026. During the…

A: An income statement, also known as a profit and loss statement or statement of earnings, is a…

Q: Bridgeport Company had 192,000 ordinary shares outstanding on December 31, 2022. During the year…

A: Net Income :— It is the difference between sales revenue and expenses. Earning Per Share :— It is…

Q: The following information relates to SE11-8 through SE11-10: Evans & Sons, Inc., disclosed the…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: BE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred…

A: Earnings per share (EPS) are the company’s profit which is divided by outstanding common stock per…

Q: Atanfo LTD made a profit for the year ended 31 March 2020 of Gh 30,000. During that year ,the…

A: Workings: profit earned for the year ended 31 March 2020 is Gh 30,000.

Q: Kiwi Charter Corp. reported $2,952,010 of profit for 2023. On November 2, 2023, it declared and paid…

A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…

Q: dividends declared Yellow Enterprises reported the following ($ in thousands) as of December 31,…

A: Stockholder's Equity is a financial statement that includes Common Stock, Preferred Stock Issued at…

Q: net income for 2020 was $1.5 million and 6% cumulative preferred shares outstanding on 31 december…

A: As the name suggests, Earning per share is calculated by dividing net income by number of…

Q: Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: Basic earning per share ratio= (net income- prefered dividends)/weighted average common shares…

A: Introduction:- basic earnings per share is calculated by subtracting preferred dividends from net…

Q: Sandhill Corporation had 2020 net income of $1,066,000. During 2020, Sandhill paid a dividend of $2…

A: EARNING PER SHARE IS THE PORTION OF A COMPANY'S PROFIT ALLOCATED TO EACH OUTSTANDING SHARE OF COMMON…

Q: III Listen Lansing Corporation declared and paid preferred dividends of $50,000 in 2019. There were…

A: Earnings per share is the income earned by the company per share outstanding. The higher the income…

Q: On January 1, 2022, Splish Brothers Inc. had $1,320,000 of common stock outstanding that was issued…

A: Definition: Dividends: Dividends are the rewards to the stockholders for investing their money in…

Q: A7

A: To determine the dividends paid on common shares in 2023 for Ivanhoe Ltd., we need to follow these…

Q: Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780…

A: Introduction: Dividend payout ratio: This ratio tells the how much dividend is distributed with its…

Q: On December 31, 2020 and 2019, Bucks Corporation had 105,000 Ordinary Shares issued, 5,000 shares in…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred…

A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…

Q: For the year ended December 31, 2020, Blossom Company reported the following: Net income Preferred…

A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…

Q: Marlene Co. had 300 million shares of $1 par common stock outstanding at January 1, 2021. In October…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: outstanding had increased to 8,31

A: Stockholders are the Persons of entities whom the company issues its ownership rights in the form of…

Q: Monty Corporation had net income of $1611000 and paid dividends to common stockholders of $358000 in…

A: Basic earning per share :- Basic earnings per share is the amount of a company's profit that can be…

Q: Wendell Company provided the following pertaining to its accounting year that ended December 31,…

A: The stock dividend decrease retained earnings, and increases issued capital and there is no effect…

Q: Concord Corporation had net income of $203000 and paid dividends to common stockholders of $35000 in…

A: The total price-earnings ratio has been calculated by dividing the market price per share by…

Q: On January 1, 2022, Skysong, Inc. had $1,190,000 of common stock outstanding that was issued at par…

A: Stock dividend is the issue of dividend in the form of shares. In this type of dividend, the entity…

Q: Headland Corporation had 2020 net income of $1,028,000. During 2020, Headland paid a dividend of $2…

Question

$ 1.79

$ 0.46

$ 2.02

$ 2.25

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Lonnie Shelton Corp (LSC) had Shareholder's Equity of $2200 at the end of 2019 and $2100 at the end of 2020. LSC earned net income of $870 in 2020 and paid dividends of $480. How much common stock was issued or repurchased in 2020?
Spring Inc. reports the following information: Net income: $750,000 Dividends on common shares: $210,000 Dividends on preferred shares: $90,000 Average number of common shares outstanding: 250,000 Spring Inc. should report earnings per share of: Question 7 options: $2.16 $1.80 $3.00 $2.64 In 2020, Big Mountain Inc. reported net income of $75,000, and declared and paid a dividend of $14,000. The balance in the retained earnings account on December 31, 2020, was $86,000. What was the opening balance in retained earnings on January 1, 2020? Question 8 options: $25,000 $147,000 $61,000 $86,000
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
Below is a company’s stock quote on March 1, 2021: Name Close Net Chg Div P/E DSD 20.25 -.15 1.05 16 What is the company’s earnings per share (EPS)?
(Profitability Ratio)What is the Return on Common Stock in 2020?
The net income for the year-end 2020 – P450,000 The preferred dividends paid in 2020 – P30,000 At the beginning of the year 2020, the common shares outstanding were 50,000 shares. In the middle of the year, H. Corp issued another 40,000 common shares. Find out the earnings per share (EPS) and Explain.
Pet Boutique Corp, reported $4,365.410 of profit for 2023. On November 2, 2023, it declared and paid the annual preferred dividends of $283,560 On January 1, 2023, Pet Boutique had 111,410 and 567,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr.30 Sold 111,060 common shares for cash. May 1 Sold 45,550 preferred shares for cash. Oct. 31 Sold 32,760 common shares for cash. a. What is the amount of profit available for distribution to the common shareholders? Earnings available to common shareholders $ 4,081,850 Check my wark b. What is the weighted-average number of common shares for the year?
Rakesh
please answer this with must explanation , computation for each part and steps answer in text form
Based on the earnings per share in the period from 2005 to 2012 indicated in the following table, determine the annual dividend per share in accordance with each of the policies described in items a) to d). Year Earnings per share2012 $ 1.402011 1.562010 1.202009 0.852008 1.052007 0.602006 1.002005 0.44 a) Pay 40% of earnings in all years with positive earnings.b) Pay $ 0.60 per share and increase to $ 0.70 when earnings per share rise above $ 0.90 for two consecutive years.c) Pay $ 0.60 per share except when earnings exceed $ 1.00 per share; in that case, an extraordinary dividend of 70% of earnings would be paid in excess of $ 1.00 per share.d) Combine the policies described in sections b) and c). When the dividend increases (in part b), increase the excess basis of the dividend (in part c) from $ 1.00 to $ 1.10 per share.e) Compare the dividend policies described in items a) to d).
The income statement of PNE Inc. in 2022 reflects a net Income of P2,050,000. The dividend policy of the company is to pay an annual cash dividend of P2 per share to common stock regardless of the market price of the share. If the dividend yield determined for the last day of 2022 is 20%, how much is the fair value of the share? (per share)
Concord Inc. had net income for 2020 of $5,920,000. The company had 2,200,000 of common shares outstanding throughout the year. During 2020, Concord paid dividends on the common shares of $0.12 per share. Average common shareholder equity was $39,600,000, and the market value of the shares on December 31, 2020 was $27 per share.Concord Inc. also had 100,000 shares outstanding of cumulative, $7, no-par value preferred shares. The shares were outstanding for the full year, and dividends had been kept current for the past several years.Calculate the following ratios for Concord Inc.: (Round answers to 2 decimal places, e.g. 25.15 or 25.15%. Round earnings per share to 3 decimal places for intermediate calculations, e.g. 1.253.) Rate of return on common shareholders’ equity%, Payout ratio%Price earnings ratio, timesBook value per share$ per share Please share how to do in Excel