The stockholders' equity accounts of Ayayai Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 12,000 shares authorized) Common Stock ($4 stated value, 720,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12,000 common shares) $720,000 2,400,000 Feb. 1 Issued 12,000 shares of common stock for $72,000. Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 36,000 1,152,000 1,651,200 96,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Purchased 2,400 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable D Determined that net income for the year was $670,000. Paid the dividend declared on December 1.
The stockholders' equity accounts of Ayayai Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 12,000 shares authorized) Common Stock ($4 stated value, 720,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12,000 common shares) $720,000 2,400,000 Feb. 1 Issued 12,000 shares of common stock for $72,000. Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 36,000 1,152,000 1,651,200 96,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Purchased 2,400 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable D Determined that net income for the year was $670,000. Paid the dividend declared on December 1.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The stockholders' equity accounts of Ayayai Corp. on January 1, 2025, were as follows.
Preferred Stock (7%, $100 par noncumulative, 12,000 shares authorized)
Common Stock ($4 stated value, 720,000 shares authorized)
Paid-in Capital in Excess of Par-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock
Retained Earnings
Treasury Stock (12,000 common shares)
Feb. 1 Issued 12,000 shares of common stock for $72,000.
$720,000
2,400,000
36,000
1,152,000
Mar. 20
1,651,200
During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity.
96,000
Purchased 2,400 additional shares of common treasury stock at $7 per share.
Oct. 1
Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1
Paid the dividend declared on October 1.
Dec.
1
Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable D
Dec. 31 Determined that net income for the year was $670,000. Paid the dividend declared on December 1.
Transcribed Image Text:Prepare the stockholders' equity section of the balance sheet at December 31, 2025. (Enter account name
only and do not provide descriptive information.)
:
Payout ratio
AYAYAI CORP.
Partial Balance Sheet
$
Earnings per share
Return on common stockholders' equity
Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common
shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round
answers to 2 decimal places for per unit and percentage, e.g. 17.50 or 17.50%.)
ţ
$
$
%
%
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