The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid a common stock dividend of $0.77 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities. Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 54,500 $ 100,000 $ 79,000 $ 233,500 $ 857,000 Beginning Balance $ 47,200 $ 71,200 $ 100,000 $ 218,400 $ 938,800 $ 91,500 $ 100,500 $ 232,000 $ 208,800 $ 171,000 $ 171,000 $ 625,000 $ 730,000 $ 857,000 $ 938,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $ 1,195,000 $ 693,100 $ 501,900 $ 338,250 $ 16,500 $ 225,225 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets %

The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid a common stock dividend of $0.77 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities. Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 54,500 $ 100,000 $ 79,000 $ 233,500 $ 857,000 Beginning Balance $ 47,200 $ 71,200 $ 100,000 $ 218,400 $ 938,800 $ 91,500 $ 100,500 $ 232,000 $ 208,800 $ 171,000 $ 171,000 $ 625,000 $ 730,000 $ 857,000 $ 938,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $ 1,195,000 $ 693,100 $ 501,900 $ 338,250 $ 16,500 $ 225,225 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets %

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income Foundational 14-12 (Algo) This Year $ 850,000 $493,000 $ 357,000 $ 173,375 $ 9,500 $ 114,712 Ending Balance $ 39,000 $ 72,000 $ 61,900 $ 172,900 $ 531,000 $ 69,000 $ 156,000 $ 132,000 $375,000 $ 531,000 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Beginning Balance $…
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Alvarado Company had the following common stock balances and transactions during the current year: (Click the icon to view the common stock balances and transactions.) What was the number of Alvarado's current-year weighted-average shares outstanding for basic EPS? ○ A. 78,000 B. 73,250 ○ C. 72,500 OD. 71,500 Data table - January 1 March 1 May 1 Common stock outstanding 60,000 Issue of a 10% common stock dividend Issue of common stock 6,000 9,000 3,000 November 1 Issue of common stock for cash 78,000 December 31 Common stock outstanding ×
Could you please complete the blanks? According to the information above G (* PA11-3 (Static) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5] At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, 2; issue price $8 per share. Shares held as treasury stock, 10,000 shares, cost $6 per share. Net income for the current year, $481,000. Common Stock account, $150,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $800,000. Required: Complete the following: (Round "Earnings per share" to 2 decimal places.) 1-a. Shares issued 1-b. Shares outstanding 2. The balance in Additional Paid-in Capital would be 3. Earnings per share is 4. Total dividends paid on common stock during the current year is 5. Treasury stock should be reported in the stockholders equity section of the…
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Required information [The following information applies to the questions displayed below] Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements. Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 1,095,000 $ 635,100 $ 459,900 $313,875 $ 15,500 $ 208,862 Ending Balance $ 49,000 $ 92,000 $76,300 $ 217,300 $ 801,000 $ 85,500 $206,000 $ 165,000 $ 595,000 $ 801,000 Beginning Balance: $ 44,200 $ 68,700 $ 92,000 $ 204,900 $ 875,400 $ 90,000 $ 185,400 $ 165,000 $ 690,000 $ 875,400
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The following information relates to SE11-8 through SE11-10: Evans & Sons, Inc., disclosed the following information in a recent annual report: Net income Preferred stock dividends. Average common stockholders' equity. Dividend per common share.. Earnings per share. . . . . Market price per common share, year-end. 2018 $ 35,000 3,000 1,000,000 1.90 2.85 19.00 2019 $ 48,000 3,000 1,500,000 2.00 3.20 21.00 SE11-8. Return on Common Stockholders' Equity Calculate the return on common stockholders' equity for Evans & Sons for 2018 and 2019. Did the return improve from 2018 to 2019? SE11-9. Dividend Yield Calculate the dividend yield for Evans & Sons for 2018 and 2019. Did the dividend yield improve from 2018 to 2019? SE11-10. Dividend Payout Ratio Calculate the dividend payout for Evans & Sons for 2018 and 2019. Did the dividend payout increase from 2018 to 2019? SE11-11. Change in Stockholders' Equity Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year…
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Crane Company had 603000 shares of common stock outstanding on January 1, issued 904000 shares on July 1, and had income applicable to common stock of $2931000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be O $3.25. O $4.86. O $2.30. O $2.78.
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