The following financial information is available 2010 2011 Average common stock equity 1,190,000 881,000 dividends paid to common sockholders 52,000 34,500 dividens paid to preffered stock holders 24,500 24,500 net income 285,000 200,000 market price of common stock 22 17 The weighted average number of shares of common stock outstanding was 79,000 for 2010 and 106,000 for 2011 calculate earnings per share and return on common stockholders equity for 2010 and 2011 2010 2011 Earnings per share return on common stochholders equity % %
The following financial information is available 2010 2011 Average common stock equity 1,190,000 881,000 dividends paid to common sockholders 52,000 34,500 dividens paid to preffered stock holders 24,500 24,500 net income 285,000 200,000 market price of common stock 22 17 The weighted average number of shares of common stock outstanding was 79,000 for 2010 and 106,000 for 2011 calculate earnings per share and return on common stockholders equity for 2010 and 2011 2010 2011 Earnings per share return on common stochholders equity % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following financial information is available
| 2010 | 2011 | |
| Average common stock equity | 1,190,000 | 881,000 |
| dividends paid to common sockholders | 52,000 | 34,500 |
| dividens paid to preffered stock holders | 24,500 | 24,500 |
| net income | 285,000 | 200,000 |
| market price of common stock | 22 | 17 |
The weighted average number of shares of common stock outstanding was 79,000 for 2010 and 106,000 for 2011
calculate earnings per share and return on common
| 2010 | 2011 |
| Earnings per share | ||
| return on common stochholders equity | % | % |
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