Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. March 31, December 31, 2020 2021 Common Stock, $1 par, 60,000 shares issued and outstanding $ 60,000 Additional Paid-In Capital $ 60,000 36,000 24,000 36,000 24,000 Retained Earnings Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity

Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. March 31, December 31, 2020 2021 Common Stock, $1 par, 60,000 shares issued and outstanding $ 60,000 Additional Paid-In Capital $ 60,000 36,000 24,000 36,000 24,000 Retained Earnings Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity

Name: Complete this question by entering your answers in the tabs below.Req
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Description: Complete this question by entering your answers in the tabs below.Required 1 Required 2Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during thequarter ended June 30, 2021, SPI reporte

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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