Calculate basic EPS, and explain the EPS effect of convertible preferred Mamba Metals, Ltd.reported net income of $573,650 for its fiscal year ended January 31, 2023. At the beginning ofthat fiscal year, 100,000 shares of common stock were outstanding. On October 31, 2022, anadditional 30,000 shares were issued. No other changes in common shares outstanding occurredduring the year. Also during the year, the company paid the annual dividend on the 40,000 sharesof 6%, $50 par value preferred stock that were outstanding the entire year.Required:a.b.Calculate basic earnings per share of common stock for the year ended January 31, 2023.If Mamba Metals, Ltd.'s preferred stock were convertible into common stock, whatadditional calculation would be required?

Dividend is the portion of income shareholders get in return of their investment. Preference…

Answered: Required: a. b. Calculate basic…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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)?
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Assume that the following quote for the Walt Disney Company, a NYSE stock, appeared on some particular date of 2019 on Yahoo! Finance ( https://finance.yahoo.com/quote/DIS?p=DIS&.tsrc=fin-srch): The Walt Disney Company (DIS) - NYSE 136.55 +2.76 (+2.06%) Prev Close: 133.79 Day's Range: 135.63 - 138.47 Open: 140.22 52wk Range: 104.50 - 143.83 Bid: 136.55 x 800 Volume: 23,891,567 Ask: 137.00 x 1800 Avg Vol (3m): 7,947,016 1y Target Est: 151.04 Market Cap: 247.284B Analyst Recommendation Buy P/E (ttm) 21.01 Next Earnings Date: Feb. 3-7, 2020 EPS (ttm): 6.50 Div & Yield: 1.52 (1.14%) Given this information, answer the following questions. At what price did the stock sell at the time of the quote? $ What is the stock's price/earnings ratio? What does that indicate? Round your answers to the nearest whole number. This means that investors are willing to pay more than $ for every $1 of earnings per share that the company generated…
The following financial information is available for Flintlock Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income BIU T₂ T² Ix !!! 111 2022 lil $2,532 298 40 504 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. Comment on your findings. W 2021 $2,591 144 611 40 555 트 M II á TT ¶ O Word(s)
XYZ stock price and dividend history are as follows: Dividend Paid at Year-End $5 Year 2018 2019 2020 2021 Beginning-of- Year Price $ 130 144 120 125 An investor buys six shares of XYZ at the beginning of 2018, buys another three shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all eight remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic time-weighted average returns Geometric time-weighted average returns 5 5 5 Date b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Cash Flow % %
Notes relating to the above Statements (pictures): i. The market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020. ii. All sales and purchases are made on credit. iii. At 1 April 2018, the trade receivables stood at £250 million and the trade payables at £210 million. iv. A dividend of £40 million had been paid to the shareholders in respect of each of the years. v. The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020. vi. The business expanded its capacity during 2020 by setting up a new warehouse and distribution centre. vii. At 1 April 2018, the total of equity stood at £450 million and the total of equity and non-current liabilities stood at £650 million. Required Using the information from the given financial statements, statement of financial position (balance sheets) and income statement (profit & loss accounts) in page 3, calculate and interpret the following ratios for XYZ Plc for the…
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The par value per share of common stock represents the a. minimum selling price of the stock established by the articles of incorporation O b. amount of dividend per share to be received each year O C. minimum amount the stockholder will receive when the corporation is liquidated O d. dollar amount assigned to each share Previous paoe
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Required: a. b. Calculate basic earnings per share of common stock for the year ended January 31, 2023. If Mamba Metals, Ltd.'s preferred stock were convertible into common stock, what additional calculation would be required?