Given the following information for WilcoInc. (who is subject to a 10% tax rate),compute 2022 ROA: \table[[, 2022, 2021],[Total Liabilities, $25,000,000, $23,000,000 Given the following information for Wilco Inc. (who is subject to a 10% tax rate), compute 2022ROA:Total LiabilitiesTotal Stockholders' EquityCommon Stock; $1 par value;1,000,000 shares issued andoutstanding 12/31/2021 &12/31/2022Preferred Stock: $10 par value;10,000 shares issued andoutstanding 12/31/2021 &12/31/2022Preferred DividendsCommon DividendsInterest ExpenseNet Income (Consolidated)Non-Controlling Interest inIncome21.06%21.21%O 21.25%19.54%2022$25,000,000$25,000,000$1,000,000$100,000$20,000$80,000$200,000$10,000,000$800,0002021$23,000,000$23,000,000$1,000,000$100,000$20,000$80,000$180,000$9,500,000$700,000

ROA -Return on assets" (ROA) refers to a Profitability ratio that indicates how much profit a…

Answered: Total Liabilities Total Stockholders'…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 2The equity accounts of Marvell Ltd. on January 1, 2020, were as follows.Share Capital—Preference (9%, $50 par, cumulative,10,000 sharesauthorized, 8,000 shares issued)?Share Capital—Ordinary ($1 stated value, 2,000,000 shares authorized,1,000,000 shares issued)?Share Premium—Preference 100,000Share Premium—Ordinary 1,450,000Retained Earnings 1,816,000During 2020, the corporation had the following transactions and events pertaining to its equity.Jan 25 Purchased 20,000 ordinary shares for the treasury at a cost of $2.5 per share.Feb. 1 Issued 50,000 ordinary shares for $152,000.Apr. 14 Reissued 10,000 treasury shares—ordinary for $42,000.Nov. 10 Purchased 1,000 ordinary shares for the treasury at a cost of $6 per share.Dec. 31 Determined that net income for the year was $452,000. Close the income summaryaccount.Dec. 31 Declared a dividend of $0.5 per ordinary share, to be payable in April 2021. Dividendfor the preference shares was not paid in 2019.Instructions(a.) Journalize…
F1 Q Oriole Corporation's December 31, 2020 balance sheet showed the following: 8% preferred stock, $10 par value, 53000 shares authorized; 43000 shares issued $430000 Common stock, $10 par value, 4640000 shares authorized; 4540000 shares issued, 4500000 shares outstanding 45400000 Paid-in capital in excess of par-preferred stock 125600 Paid-in capital in excess of par-common stock 54250000 Retained earnings 15390000 Treasury stock (53000 shares) 1270000 Oriole's total stockholders' equity was O $100205600. O $116865600. O $115595600. O $114325600. MacBook Air 20 F6 F3 @ 2 F2 W S #3 E D $ 4 F4 R % 5 F F5 T 6 G Y & 7 10 F7 H * 00 U DII FB J 9
A8
Contributed capital: Preferred shares, $4 cumulative, 15,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 60,000 shares issued and outstanding Western Grass Inc. Equity Section of Balance Sheet December 31, 2023 Total contributed capital Retained earnings Total equity a. b. Book Value of Common Shares 144,000 300,000 $ 444,000 584,000 $1,028,000 $ Required: Using the information provided, calculate book value per common share assuming: (Round the final answers to 2 deci a. There are no dividends in arrears. b. There are three years, of dividends in arrears. 27
Problem 3: Carr Company reported the following shareholders' equity on January 1, 2021: Preference share capital Share premium – preference Ordinary share capital Share premium – ordinary Retained earnings Treasury shares – ordinary 1,800,000 90,000 5,150,000 3,500,000 4,000,000 270,000 On January 1, 2021, Carr Company had 100,000 authorized shares of P100 par, 10% cumulative preference share capital and 3,000,000 authorized shares of no-par ordinary share capital with a stated value of P5 per share. On January 10, 2021, Carr formally retired all the 30,000 ordinary shares of treasury. The treasury shares had been acquired in the previous year and were originally issued at P10 per share. Carr owned 10,000 ordinary shares of Bush Company purchased several years ago for P600,000. On February 15, Carr declared and paid a dividend in kind of one share of Bush for every hundred ordinary shares of Carr held by a shareholder of record on February 28, 2021. The market price of Bush share was…
Waterway Corporation's post-closing trial balance at December 31, 2020, is shown as follows. WATERWAY CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2020 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) Totals Dr. $483,000 1,328,000 208,000 582,000 390,000 44,000 169,000 $3,204,000 Cr. $215,200 181,000 1,235,000 163,000 27,000 322,000 192,000 3,800 550,000 315,000 $3,204,000 At December 31, 2020, Waterway had the following number of common and preferred shares.
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If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, O Common Stock will be credited for $75,000 O Paid-In Capital in Excess of Par will be credited for $9,000 Paid-In Capital in Excess of Par will be credited for $66,000 O Cash will be debited for S66,000
Information concerning the capital structure of Catan Corporation follows Dec. 31, 2019 Dec. 31, 2020 100,000 shares 100,000 shares 10,000 shares $ 2,000,000 Common shares outstanding Convertible preferred shares outstanding 9% convertible bonds 10,000 shares Select one: a. $ 3.65 b. $ 4.75 c. $ 3.33 d. $ 5.00 $ 2,000,000 During 2020, Catan paid dividends of $ 1.00 per common share and $2.50 per preferred share. The preferred shares are non-cumulative, and convertible into 20,000 common shares. The 9% convertible bonds are convertible into 50,000 common shares. Net income for calendar 2020 was $500,000. Assume the income tax rate is 30%. Basic earnings per share for 2020 is
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Pharoah corporation issued $117000 shares of $19 par value cumulative, 7% preferred stock on January 1,2021 for $2530000 in December 2023 pharoah declared its first dividend of $840000 if the preferred stock is not cumulative how much of the $840000 would be paid to common stockholders? Common stock dividends
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