XYZ Corporation had the following financial data for the past year's operations in 2020: Market Price per Share Preferred Share Dividends paid Net Income Number of Common Shares Retained Earnings (2019 Balance) Common Shares = $41 Price Earnings Ratio $17,900 $155,900 12,000 the same for both years (2019 & 2020) $350,000 = $600,000 same for both years (2019 & 2020) $179,000 same for both years (2019 & 2020) Return On Equity = Preferred Shares Total Shareholders' Equity (2019 Balance) = 1,129.000 = Calculate the Price Earnings Ratio and Return on Shareholders' Equity for 2020. (Round price earnings ratio to to 2 decima 15.25 and return on shareholders' equity to 1 decimal place. e.g. 15.2%) = %
XYZ Corporation had the following financial data for the past year's operations in 2020: Market Price per Share Preferred Share Dividends paid Net Income Number of Common Shares Retained Earnings (2019 Balance) Common Shares = $41 Price Earnings Ratio $17,900 $155,900 12,000 the same for both years (2019 & 2020) $350,000 = $600,000 same for both years (2019 & 2020) $179,000 same for both years (2019 & 2020) Return On Equity = Preferred Shares Total Shareholders' Equity (2019 Balance) = 1,129.000 = Calculate the Price Earnings Ratio and Return on Shareholders' Equity for 2020. (Round price earnings ratio to to 2 decima 15.25 and return on shareholders' equity to 1 decimal place. e.g. 15.2%) = %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:XYZ Corporation had the following financial data for the past year's operations in 2020:
Market Price per Share
Preferred Share Dividends paid
Net Income
Number of Common Shares
Retained Earnings (2019 Balance)
Common Shares
= $41
Price Earnings Ratio
$17,900
$155,900
12,000 the same for both years (2019 & 2020)
$350,000
= $600,000 same for both years (2019 & 2020)
$179,000 same for both years (2019 & 2020)
Return On Equity
=
Preferred Shares
Total Shareholders' Equity (2019 Balance) = 1,129.000
=
Calculate the Price Earnings Ratio and Return on Shareholders' Equity for 2020. (Round price earnings ratio to to 2 decima
15.25 and return on shareholders' equity to 1 decimal place. e.g. 15.2%)
=
%
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