Knowledge Check 01 Lakeview Corporation had 100,000 shares of common stock outstanding and 200,000 shares of 10% preferred stock that are convertible into 150,000 common shares. Net income for the current year was $500,000 with a 25% tax rate. What is the amount of the diluted EPS for the current year? (Round your answer to 2 decimal places.)

Knowledge Check 01 Lakeview Corporation had 100,000 shares of common stock outstanding and 200,000 shares of 10% preferred stock that are convertible into 150,000 common shares. Net income for the current year was $500,000 with a 25% tax rate. What is the amount of the diluted EPS for the current year? (Round your answer to 2 decimal places.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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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 market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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.)
Given the following year-end information, compute Greenwood Corporations basic and diluted earnings per share. Net income, 15,000 The income tax rate, 30% 4,000 shares of common stock were outstanding the entire year. shares of 10%, 50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of 2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
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Required information (The following information applies to the questions displayed below. Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income 2021 $ 120 $ 30 2020 $ 210 $21 Dividends on preferred stock Average shares outstanding (in millions) Stock price 250 s00 $11.47 $10.42 Required: 1-a. Calculate earnings per share in 2020 and 2021, (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? O Yes O No
Gusion Corporation has provided the following financial data (in thousands of dollars): Total assets.. Stockholders' equity: Preferred stock, P100 par value, 5%.. Common stock, P2 par value. Additional paid-in capital-common stock Retained earnings....... Year 2 P1,520 P200 P400 P160 P380 Year 1 P1,490 P200 P400 P160 P320 Net income for Year 2 was P110 thousand. Interest expense was P21 thousand. The tax rate was 30%. Dividends on common stock during Year 2 totaled P40 thousand. Dividends on preferred stock totaled P10 thousand. The market price of common stock at the end of Year 2 was P9.15 per share. What is the dividend yield ratio?