Rockland Corporation earned net income of $300,000 in 2017 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 9% bonds, which are convertible into 16,000 shares of common. Rockland’s tax rate is 40%. Compute Rockland’s 2017 diluted earnings per share.

Q: The Pawlson Company's year-end balance sheet is shown below. Its cost of common equity is 14%, its…

A: WACC stands for Weighted Average Cost of Capital, which is defined as the computation of the cost of…

Q: Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations. Round…

A: WACC: It is the company's average cost of capital and is calculated by the total of all individual…

Q: LSP. Co, recently reported $200,000 of sales during the year 2016. The company had $20,000 of…

A: We need to find net income in this question. Net income is what available for distribution to…

Q: The previous year's balance sheet for Brown's Produce showed total common equity of…

A: Given information: Previous year’s common equity is $4,050,000 Net income during the year is…

Q: Finley Corporation had income from continuing operations of $10,600,000 in 2017. During 2017, it…

A: Earning per share indicates the per share income of the shareholder it can be calculated by the…

Q: Waterway Corporation had wt ncoe of $200000 nd pd didends to common tclders of $25000 2017. the…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: Flava Corporation reported a net income of $300,000 in 2020 and had 200,000 shares of common stock…

A: Diluted earnings per share: It can be defined as the company’s earnings per share, assuming all the…

Q: Compute diluted earnings per share

A: Earnings per share is a financial measure that determines the residual earnings generated by each…

Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 15%, its…

A: The Weighted Average Cost of Capital(WACC) refers to the financial ratio that calculates the overall…

Q: InterTractor America, Inc. reported net income (amounts in thousands) of $1,239,400 for 2017.…

A: Solution: Introduction:   EPS stands for Earning Per share, which is a measure of financial…

Q: At the end of its fiscal year 2012, the Coca-Cola Company (KO) has earnings per share of $2.48 and…

A: EPS$2.48Dividend$1.76Shares Outstanding (in millions)4,324.3Depreciation in millions)$1,260CAPEX in…

Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 18%, its…

A: Market value of equity :— It is calculated by multiplying market price per share with number of…

Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, Its…

A: Given Data:Value of Debt = 1171No of shares = 576Market value per share = 4Cost of Equity = 17%Cost…

Q: The following information was taken from the accounting records of Winnifred Corp. at January 1,…

A: A ledger is a record-keeping system used to keep track of financial transactions. It is a collection…

Q: The 2017 income statement of Coronado Company showed net income of $945,000 and a gain from…

A: EPS: EPS stands for Earnings per share. It tells about the profit earned on each share.

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A: Earnings per share: It is to be calculated , preferred dividend part is to be deducted from the net…

Q: The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.45 million in long-term…

A: Particulars20172018Long-term debt$2,450,000.00$3,600,000.00Common…

Q: Company E reports net income of $100,000 for 2015. Assume the income is earned evenly throughout the…

A: Business combination:   Business combination refers to the combining of one or more business…

Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its…

A: The weighted average cost of capital is the average cost of capital of the firm based on the…

Q: K Grocers’ 2016 balance sheet shows average shareholders’ equity of $9,264 million, net income of…

A: Return on equity ratio: It is a profitability ratio that measures the profit generating ability of…

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A: Cash Flow from Operating Activities:Cash flow from operating activities can be calculated by using…

Q: During 2017, Loda Corporation's long-term investments account (at cost) increased $30,000, which was…

A: Cash flow from investing activities refers to the inflows and outflows of cash resulting from the…

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A: Balance sheet is one of the financial statement being used in business. It shows all assets,…

Q: The 2017 income statement of Wilbur Company showed net income of $730,000 and a gain from…

A: Earnings per share:Earnings per share represent the amount of income earned per share of outstanding…

Q: Culver Corporation reported net income of $682,000 in 2017 and had 217,000 shares of common stock…

A:

Q: At December 31, 2015 and 2016, Funk & Noble Corporation had outstanding 820 million shares of…

A: Preferrence Dividend  = No. of share x Par value per share x rate of dividend = 2 million x $100 x…

Q: Whispering Winds Corporation had net sales of $4,480,000 and interest revenue of $75,000 during…

A: Single step Income Statement :           In this format of income statement, the expenses are not…

Q: Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock…

A: Diluted Earnings per share = Net Income available to Common stockholders'Number of common stock…

Q: Construct a statement of retained earnings and compute the year-end balance of retained earnings

A: Oriole Paper Mill, Inc. Statement of retained earnings Details Amt($) Opening balance, 1.4.16…

Q: At December 31, 2016, the financial statements of Hollingsworth Industries included the following:…

A:

Q: The 2021 and 2020 balance sheets for Sunset Industries are provided below. The company’s sales for…

A: CALCULATION OF NET INCOME PARTICULARS CALCULATION AMOUNT ($) EBITDA= (15% of sales) 15% x…

Q: In the most recent fiscal year, a company reported net income of $920 million after incurring S 320…

A: Firm valuation is a process where the worthiness of the company is identified is revealed based on…

Q: Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations. Round…

A: The weighted average cost of capital measures the typical cost a business pays to finance its…

Q: Rudolph Corporation showed retained earnings of $400,000 on its balance sheet for 2016.  In 2017,…

A: Retained earning net profit earned by the company after deducting dividends paid to the…

Q: 2014 revenues were $76,000. 2014 expenses were $48,500. Dividends declared and paid during 2014…

A: Correct option is Retained earnings at December 31, 2014 were $55,000

Q: At year-end 2016, total assets for Arrington Inc. were $1.4 million and accounts payable were…

A: Data given: Total assets at year end 2016 =$1400,000Sales in 2016=$2800,000Common stock in…

Q: A company reported earnings available to common shareholders as $4,200,000 last year. From those…

A: A company reported earnings available to common shareholders as $4,200,000 last year. From those…

Q: Pharoah Corporation reported net income of $359,700 in 2020 and had 54,800 shares of common stock…

A: To Compute diluted earnings per share (EPS), we need to consider the impact of the convertible…

Q: The 2017 income statement of Wasmeier Corporation showed net income of $480,000 and a loss from…

A: Earnings per share: Earnings per share represent the amount of income earned per share of…

Q: At December 31, 2017 and 2018, Funk and Noble corporation had outstanding 760 million shares of…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Phelps, Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common…

A: The comapny has provided financial information for the year 2017 and 2018  Required  1. EPS for the…

Q: Metlock Corporation had 2017 net income of $1,001,000. During 2017, Metlock paid a dividend of $2…

A: Earnings per share refer to the amount earned by each stockholder. This can be identified by…

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: On January 1, 2020, a company issued 10-year, $330,000 face value, 7% bonds, at par. Each $1,000…

A: Potential common stock = (Face value of bonds / par value per bond) x convertible  ratio = ($330,000…

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.