The following data is from the balance sheet of Evergreen Enterprises on December 31 of a certain year: Common stock: $25,000 Treasury stock: ($9,250,000) Retained earnings: $30,410,600 Total liabilities: $18,750,000 Paid-in capital: $4,230,000 Based on the available information, what is the total stockholders' equity?

The following data is from the balance sheet of Evergreen Enterprises on December 31 of a certain year: Common stock: $25,000 Treasury stock: ($9,250,000) Retained earnings: $30,410,600 Total liabilities: $18,750,000 Paid-in capital: $4,230,000 Based on the available information, what is the total stockholders' equity?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
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