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Required information Markus Company's common stock sold for $4.50 per share at the end of this year. The average number of common. shares outstanding during the year is 152,000. The company also paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Total current assets Current liabilities Total liabilities Common shareholders' equity equity Total shareholders Total liabilities and common shareholders equity Sales (all on account); Cost of goods sold i Gross margin Operating income Interest expense Net income This Year $980,000 $568,400 $411,600 $ 263,250 $ $ 13,500 174,825 Ending Balance. $ 40,000 $ 84,000 $ 70,600 $ 194,600. $ 78,000 $184,000 $152,000. $ 515,000 $ 699,000 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share Beginning Balance $ 40,200 $ 63,700 $ 84,000 $ 187,900 $ 76,500 $ 165,600 $152,000. $ 590,000 $755,600

Required information Markus Company's common stock sold for $4.50 per share at the end of this year. The average number of common. shares outstanding during the year is 152,000. The company also paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Total current assets Current liabilities Total liabilities Common shareholders' equity equity Total shareholders Total liabilities and common shareholders equity Sales (all on account); Cost of goods sold i Gross margin Operating income Interest expense Net income This Year $980,000 $568,400 $411,600 $ 263,250 $ $ 13,500 174,825 Ending Balance. $ 40,000 $ 84,000 $ 70,600 $ 194,600. $ 78,000 $184,000 $152,000. $ 515,000 $ 699,000 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share Beginning Balance $ 40,200 $ 63,700 $ 84,000 $ 187,900 $ 76,500 $ 165,600 $152,000. $ 590,000 $755,600

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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! Required information Markus Company's common stock sold for $4.50 per share at the end of this year. The average number of common. shares outstanding during the year is 152,000. The company also paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable. Inventory Total current assets. Current liabilities Total liabilities Common shareholders' equity Total shareholders equity Total liabilities and common shareholders equity Sales (all on account) Cost of goods sold i Gross margin Operating income Interest expense Net income This Year $ 980,000 $ 568,400 $411,600 $ 263,250 $ $ 13,500 174,825 Ending Balance $ 40,000 $ 84,000 $ 70,600 $ 194,600. $ 78,000 $184,000 $152,000. $ 515,000 $ 699,000 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share Beginning Balance. $ 40,200 $63,700 $ 84,000 $ 187,900 $ 76,500 $ 165,600 $152,000 $ 590,000 $755,600
Transcribed Image Text:! Required information Markus Company's common stock sold for $4.50 per share at the end of this year. The average number of common. shares outstanding during the year is 152,000. The company also paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable. Inventory Total current assets. Current liabilities Total liabilities Common shareholders' equity Total shareholders equity Total liabilities and common shareholders equity Sales (all on account) Cost of goods sold i Gross margin Operating income Interest expense Net income This Year $ 980,000 $ 568,400 $411,600 $ 263,250 $ $ 13,500 174,825 Ending Balance $ 40,000 $ 84,000 $ 70,600 $ 194,600. $ 78,000 $184,000 $152,000. $ 515,000 $ 699,000 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share Beginning Balance. $ 40,200 $63,700 $ 84,000 $ 187,900 $ 76,500 $ 165,600 $152,000 $ 590,000 $755,600
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