The equity portions of a company's balance sheets for end of 2021 and 2022are shown below:20212022$1,898,646$3,818,440$2,685,439$6,714,937$2,547,130$7,242,627Calculate the average price per share at which new shares were sold in 2022.Common Stock ($0.50 par)Capital SurplusRetained Earnings0.781.550.50O None of these options are correct1.05

The average issue price of a share refers to the average price at which newly issued shares are sold…

Answered: The equity portions of a company's…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Current Attempt in Progress At December 31, 2021, Marigold Company had 451000 shares of common stock issued and outstanding, 355000 of which had bee issued and outstanding throughout the year and 96000 of which were issued on September 1, 2021. Net income for the year ended December 31, 2021, was $1176000. What should be Marigold's 2021 earnings per common share, rounded to the nearest penny?
Crane Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. Cash Accounts receivable Inventory Equity investments Buildings Equipment Copyrights Totals Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-buildings Accounts payable Dividends payable Notes payable, short-term (nontrade) December 31 2025 2024 $12,800 9,900 10,000 3,100 29,600 40,400 20,200 5,000 5,200 $108,300 $90,800 $38,900 12,200 11,800 -0- -0- $3,000 2,000 -0- 5,000 -0- 3,000 $4,600 4,500 5,900 4,000 4,900 4,000
During 2021 if there is a net income of $2,550,000 then the total stockholders’ equity balance after adding the calculation in point (C) will be $_____________
The following financial information is available for Sunland Corporation. 2022 2021 Average common stockholders' equity $1,100,000 $877,000 Dividends paid to common stockholders 45,000 25,500 Dividends paid to preferred stockholders 18,500 18,500 Net income 285,000 190,000 Market price of common stock 18 13 The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 103,000 for 2022. Calculate earnings per share and return on common stockholders' equity for 2022 and 2021 (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Earnings per share Return on common stockholders' equity $ 2022 % $ 2021 %
Suppose the following financial information is available for Walgreens. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $9,200.0 460 0 1,840 2021 2022 8,600.0 387 0 2,150 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg 12.5%) 2021
Preferred shares, $4.55 non-cumulative, 52,000 shares authorized and issued* $ 3,328,000 Common shares, 87,000 shares authorized and issued* 1,392,000 *All shares were issued during 2018. 2. Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative. (Round the final answers to 2 decimal places.)
2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02
Comparative Earnings per Share Lucas Company reports net income of $2,580 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 4,200 shares of stock, resulting in 13,200 shares outstanding at year-end. During 2020, Lucas earned net income of $17,840. It issued 2,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock split on November 3, 2020, resulting in 30,400 shares outstanding at year-end. During 2021, Lucas earned net income of $29,184. The only common stock transaction during 2021 was a 20% stock dividend issued on July 2, 2021. If required, round your final answers to two decimal places. Required: 1. Compute the basic earnings per share that would be disclosed in the 2019 annual report. $ per share 2. Compute the 2019 and 2020 comparative basic earnings per share that would be disclosed in the 2020 annual report. 2020: $ per…
The equity section of a company for the last 2 years shows the following: - Share capital 885 M Euros in 2020 (777 M euros in 2019) - Share premium 3,555 M euros in 2020 (2,941 M euros in 2019) - Retained earnings 6,241 M euros in 2020 (5,293 M euros is 2019) - Treasury shares 82 M euros in 2020 (50 M euros in 2019) Assuming the par value of the company shares is 2 euros. Which of the following statement is correct regarding 2020? do calculation please The company has issued 54 million new shares The company has issued 108 million new shares The company has issued 722 million new shares The company has issued 361 million new shares
Shown below is information relating to the stockholders' equity of Robertson Corporation at December 31, 2022: 12% cumulative preferred stock, $150 par Common stock, $1.50 par Additional paid-in capital: preferred stock Additional paid-in capital: common stock Treasury stock (at cost: 6,000 common shares) Retained earnings Refer to the above data. How many shares of common stock are outstanding? O a. 600,000 O b. 406,000 O c. 594,000 O d. 394,000 $1,500,000 600,000 300,000 900,000 180,000 1,350,000
Holland Corporation's annual report is as follows. March 31, 2023 March 31, 2024 Net Income $359,000 $438,500 Preferred Dividends 0 0 Total Stockholders' Equity $4,230,000 $5,252,000 Stockholders' Equity attributable to Preferred Stock 0 0 Number of Common Shares Outstanding 288,000 202,000 Based on the information provided, find the rate of return on common stockholders' equity on March 31, 2024. (Round your final answer two decimal places.)
Stockholders' equity accounts, arranged aphabetically are the ledger of Pina Colada Corp. at December 31, 2020. Common Stock ($5 stated value) $1,675,000 Paid-in capital inexcess of par-preferred stock 279,000 Paid-in capital in excess of stated value-common stock. 936,000 Preferred stock (8%, $103 par) 489,250 Ratained Earnings 1,120,000 Treasury Stock (12,000 common shares) 144,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. *please solve and explain process. Thank you

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