VAS Corporation had a net income of $500,000 and paid dividends of $800,000 to common stockholders and $20,000 to preferred stockholders in 2014. VAS Corporation's common stockholders' equity at the beginning and end of 2014 was $1,740,000 and $2,260,000, respectively. There are 200,000 weighted-average shares of common stock outstanding. VAS Corporation's return on common stockholders' equity was: a. 10% b. 20% c. 24% d. 17.7%

VAS Corporation had a net income of $500,000 and paid dividends of $800,000 to common stockholders and $20,000 to preferred stockholders in 2014. VAS Corporation's common stockholders' equity at the beginning and end of 2014 was $1,740,000 and $2,260,000, respectively. There are 200,000 weighted-average shares of common stock outstanding. VAS Corporation's return on common stockholders' equity was: a. 10% b. 20% c. 24% d. 17.7%

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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Lyon Company shows the following condensed income statement information for the year ended December 31, 2019: Lyon declared dividends of 6,000 on preferred stock and 17,280 on common stock. At the beginning of 2019, 10,000 shares of common stock were outstanding. On May 1, 2019, the company issued 2,000 additional common shares, and on October 31, 2019, it issued a 20% stock dividend on its common stock. The preferred stock is not convertible. Required: 1. Compute the 2019 basic earnings per share. 2. Show the 2019 income statement disclosure of basic earnings per share. 3. Draft a related note to accompany the 2019 financial statements.
Bonita Corporation had net income of $1,950,000 and paid dividends to common stockholders of $323,700 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Bonita Corporation's common stock is selling for $45 per share on the NASDAQ. Bonita Corporation's payout ratio for 2017 is? A. $3.9 per share. B. 13.6%. C. 16.6%. D. 9.7%.
Marigold Corporation had net income of $1650000 and paid dividends to common stockholders of $400000 in 2017. The weighted average number of shares outstanding in 2017 was 528000 shares. Marigold Corporation's common stock is selling for $50 per share on the NASDAQ. Marigold Corporation's price-earnings ratio is A) 3 times B) 11.5 times C) 7.5 times D) 16 times
The following information is provided for Slickers, INc. for year 2016: Preferred stock 7%, $50 par value, 1,000 shares issued and outstanding Common stock, $100 par value, 2,000 shares issued and outstanding Dividends in arrears for 2014 and 2015 Total dividends declared and paid during 2016 totaled $25,000 How much of the dividend was paid to the preferred stockholders during 2016 assuming the preferred stock is noncumulative?
In 2017 Pedroni Corporation reported net income of $1,000,000. It declared and paid preferred stock a dividend of $250,000. During 2017, Pedroni had a weighted average of 190,000 shares outstanding. Compute Pedroni's Earnings Per Share.
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What are the common earnings per share for 2017 on these financial accounting question?
Alciatore Company reported a net income of $150,000 in 2016. The weighted-average number of common shares outstanding for 2016 was 40,000. The average stock price for 2016 was $33. Assume an income tax rate of 40%. Required: For each of the following independent situations, indicate whether the effect of the security is antidilutive for diluted EPS. 1. 10,000 shares of 7.7% of $100 par convertible, cumulative preferred stock. Each share may be converted into two common shares. 2. 8% convertible 10-year, $500,000 of bonds, issued at face value. The bonds are convertible to 5,000 shares of common stock. 3. Stock options exercisable at $30 per share after January 1, 2018. 4. Warrants for 1,000 common shares with an exercise price of $35 per share. 5. A contingent agreement to issue 5,000 shares of stock to the company president if net income is at least $125,000 in 2017.