The following financial information is available for Cullumber Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock 2022 $1.140,000 $870,000 29,000 45,000 16.000 295.000 22 2021 16,000 205,000 16 The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 104,000 for 2022 Calculate earnings per share and return on common stockholders' equity for 2022 and 2021. (Round answers to 2 decimal places, es 10.50% or 10.50)
The following financial information is available for Cullumber Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock 2022 $1.140,000 $870,000 29,000 45,000 16.000 295.000 22 2021 16,000 205,000 16 The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 104,000 for 2022 Calculate earnings per share and return on common stockholders' equity for 2022 and 2021. (Round answers to 2 decimal places, es 10.50% or 10.50)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject - account
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Transcribed Image Text:The following financial information is available for Cullumber Corporation.
Average common stockholders' equity
Dividends paid to common stockholders
Dividends paid to preferred stockholders
Net income
Market price of common stock
Earnings per share
2021
$1.140,000 $870,000
Return on common stockholders' equity
2022
45,000
16,000
295,000
22
29,000
16,000
205,000
2022
The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 104,000 for 2022.
Calculate earnings per share and return on common stockholders' equity for 2022 and 2021. (Round answers to 2 decimal places, eg
10.50% or 10.50.)
16
2021
!
%
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