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?
Question: Amount of Issuance Price per Share for the Common Stock Issued for the Year? (Round to the nearest 2 decimal places)
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
The capital accounts of SEB Company as of yearend 2021 are as follows: Ordinary Share Capital (P10 par) - 500,000 Share Premium - 250,000 Retained Earnings - 3,135,000 The company's ordinary shares are currently selling at P20. How much is the net effect of a 10% share dividend to the company's reserves? How much is the net effect of a 30% share dividend to the company's total shareholders' equity? How much is the net effect of a 4-for-1 share split to the company's legal capital?
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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
What is the balance as of Dec 31, 2022 of Share capital-ordinary and Share Capital-preference.
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…

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