Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.)Income before interest and taxesInterest expense from bondsIncome before income taxesIncome tax expense (30%)Net incomeOutstanding sharesEarnings per share$$Issue Stock$1,653,000SAIssue Bonds$1,653,000652,500 Larkspur, Inc. is considering these two alternatives to finance its construction of a new $1.74 million plant:1.2.Issuance of 174,000 shares of common stock at the market price of $10 per share.Issuance of $1.74 million, 5% bonds at face value.

Interest of bonds is the amount paid to the bondholders for borrowing the amount and issuing the…

Answered: omplete the table. (Round earnings per…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PROVIDE COMPUTATION
EXAMPLE 10: From the following, compute Debt Equity Ratio: Equity Share Capital 1,00,000 General Reserve 80,000 6.5 % Debentures 75,000 Current Liabilities 90,000 o add notes COMMENTS OTES
Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (40%) Net income Outstanding shares Earnings per share $ $ Issue Stock $1,584,000 $ $ Issue Bonds $1,584,000 140800 528,000
XYZ Company sold 500 shares of treasury stock (from (c)) at $45 per share. DATE Debit Credit X/X
C7
Indicate the amount in the blank. No peso sign, no decimal and no comma (this will be automated). Example: 1000000 Ordinary Shares, P15, 20,000 shares authorized, 270,000.00 18,000 shares issued Subscriptions Receivable (collectible within one year) 17.000.00 Subscribed Ordinary Shares 27,000.00 Retained Earnings 200,000.00 Share Premium 95,000.00 Treasury Stock, 1,000 shares, at cost 25,000.00 Indicate the: How much is the Total authorized ordinary shares? Question 2 Using the above question, how much is the Total unissued ordinary shares Question 3 Using the above question, how much is the Total Issued Ordinary Shares Question 4 Using the above question, indicate how much is the Ordinary Shares Subscribed
Debt to Assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000. 21.7 percent 43.8 percent 32.9 percent 33.7 percent
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Υ7 20Y6 20Υ5 Total assets $192,000 $173,000 $154,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 4% stock, $100 par 12.000 12,000 12,000 (no change during year) Retained earnings 70,415 45,870 36,000 The 20Y7 net income was $25,025, and the 20Y6 net income was $10,350. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 20Y7 20Υ6 Return on total assets % Return on stockholders' equity Return on common stockholders' equity % b. The profitability ratios indicate that the company's profitability has Since the rate of return on total…
On its Form 10-K for the year ended December 31, 2018, Bank of America Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to one decimal place. $ millions, except per share amounts 2018 2017 2016 Net income $28,147 $18,232 d. Answer Preferred stock dividends 1,451 b. Answer $1,682 Net income applicable to common shareholders 26,696 c. Answer $16,140 Average common shares outstanding 10,096.5 10,195.6 e. Answer Basic earnings per share a. Answer $1.63 $1.57
4. From the following, calculate the debt-equity ratio: Equity Shares Capital Accumulated Profits RO 100,000 RO 30,000 RO 40,000 General Reserve Debentures RO 45,000 RO 75,000 Outstanding expenses RO 10,000 Sundry creditors
Consider the following data: Amount ($) 400,000 900,000 Retained earnings 5,000,000 TOTAL OWNERS’ EQUITY 6,300,000 Common stock ($1 par value) Capital surplus Current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.

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