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 %
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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text: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
%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education