need help this question Morris Corporation decided to issue common stock and used the$300,000 proceeds to retire all of its outstanding bonds on January1, 2012. The following information is available for the company for2011 and 2012.Net income20122011$182,000 $150,000Dividendsdeclared for preferred8,000 8,000stockholdersAverage common stockholders' equity1,000,000 700,000Total assets1,200,000 1,200,000Current liabilities100,000 100,000Total liabilities200,000500,000Compute the return on common stockholders' equity ratio for bothyears.

Step 1: Definition of Return on Common Stockholders' Equity (ROE)Return on Common Stockholders'…

Answered: Morris Corporation decided to issue…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 9P

See similar textbooks

Similar questions

Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8% preferred stock outstanding on January 1, 2011. Each share of preferred stock is convertible into four shares of common stock. The stock has not been converted. During the year, Ponce Towers issued additional shares of common stock as follows: For 2011, Ponce Towers, Inc., had income from continuing operations of 545,000 and a 72,000 loss from discontinued operations (net of tax). Open the file EPS from the website for this book at cengagebrain.com. Enter all input items (AF) in the appropriate cells in the Data Section. Enter all formulas in the appropriate cells in the Answer Section. Enter your name in cell A1. Save the completed file as EPS2. Print the worksheet when done. Also print your formulas. Check figure: Basic earnings per share from continuing operations (cell D29), 5.94.
Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8% preferred stock outstanding on January 1, 2011. Each share of preferred stock is convertible into four shares of common stock. The stock has not been converted. During the year, Ponce Towers issued additional shares of common stock as follows: For 2011, Ponce Towers, Inc., had income from continuing operations of 545,000 and a 72,000 loss from discontinued operations (net of tax). As vice president of finance for the firm, you have been asked to calculate earnings per share for 2011. The worksheet EPS has been provided to assist you.
I need help with accounting
Sagar
Kojak Corporation decided to issue common stock and used the $300,000 proceeds to redeem all of its outstanding bonds on January 1, 2022. The following information is available for the company for 2022 and 2021. Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities (a) Return on common stockholders' equity ratio (c1) 2022 2022 Debt to assets ratio $ 182,000 8,000 1,000,000. 1,200,000 100,000 200,000 2021 $ 150,000 8,000 700,000 Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) 1,200,000 100,000 500,000 enter return on common stockholders equity in percentages % Compute the debt to assets ratio for both years. (Round answers to 1 decimal place, e.g. 12.5%.) 2021 2022 2021 enter debt to assets ratio in percentages % enter return on common stockho enter debt to assets ratio in percentages %
Jakarta Corporation decided to issue common stock and used the $120,000 proceeds to retire all of its outstanding bonds on January 1, 2021. The following information is available for the company for 2020 and 2021. 2021 2020 Net income $120,000 $100,000 Average stockholders' equity 1,000,000 800,000 Total assets 1,200,000 1,200,000 Current liabilities 100,000 100,000 Total liabilities 360,000 480,000 Instructions(1) Compute the return on common stockholders' equity for both years.(2) Explain how it is possible that net income increased, but the return on common stockholders' equity decreased.(3) Compute the debt to assets ratio for both years, and comment on the implications of this change in the company's solvency.
Mann Corporation decided to issue common stock and used the $120,000 proceeds to retire all of its outstanding bonds on January 1, 2020. The following information is available for the company for 2019 and 2020. Net income Average stockholder's equity Total assets Current liabilities Total liabilities Return on common stockholders' equity В / у T, T I. Show Transcribed Text Debt to assets ratio 2020 30% $120,000 40% 100,000 1,000,000 1,200,000 1,200,000 360,000 Given below is the debt to assets ratio for both the years. 2020 2019 12.5% 2019 Explain how it is possible that net income increased, but the return on common stockholders' equity decreased. $100,000 800,000 100,000 480,000 12.0% J E H 3 C EEE MT 1 Comment on the implications that the change in the debt to assets ratio would have on the company's solvency.
Please do not give solution in image format thanku
Please do not give solution in image format thanku
Please need help with this accounting question
Jaybu Company acquired the following portfolio of equity instruments held for trading during 2022 and reported the following balances at December 31, 2022. No sales occurred during 2022. Security / Cost / Market Value, 12/31/22 AAA Company Shares / 300,000 / 350,000 BBB Company Shares / 450,000 / 410,000 CCC Company Shares / 540,000 / 640,000 DDD Company Shares / 610,000 / 650,000 How much is the unrealized gain that should be taken to profit or loss statement?
Do not use Ai

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Excel Applications for Accounting Principles

Accounting

ISBN:

9781111581565

Author:

Gaylord N. Smith

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS