Kristi's Kites provided the following information from its financial statements: Required: Calculate the earnings per share and
Question:
Required:
Calculate the earnings per share and return on equity for Kristi's Kites. Round percentages to one decimal point (i.e., 9.4%). How are the two profitability ratios different?
Transcribed Image Text:
Net income Average number of common shares outstanding Average stockholders equity S164,500 235,000 $576,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Earnings per share Net income Avg of common shares ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
7. Complete the following reactions with the necessary products or reactants. Remember to account for any stereochemistry. 2 DDY- HA NC 2 CN 3 CN COMe COMe Hint: you will only use one of the...
-
The Apex Company provided the following information from its financial records: What is the amount of the company's earnings per share? a. $1.02 b. $1.08 c. $0.96 d. $17.61 Common shares outstanding...
-
Earnings per Share and Dividend Payout Ratio Compute (1) Earnings per share and (2) Dividend payout ratio for Companies S and T. Indicate which of the two companies is more likely to be an older...
-
a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18%. Calculate the firm's average total assets. b. Firm B has net income of $72,000, asset turnover of 1.40, and average total assets of...
-
Consult Paragraphs 79 of PCAOB Auditing Standard No. 15. As an auditor, what type of evidence would you want to examine to determine whether Sunbeam was inappropriately recording revenue from special...
-
Keshara has the following net 1231 results for each of the years shown. What would be the nature of the net gains in 2012 and 2013? Tax Year Net 1231 Loss Net 1231 Gain...
-
A solenoid that is \(200 \mathrm{~mm}\) long has 200 turns. What current \(I\) in the solenoid is required to produce a magnetic field of magnitude \(1.0 \mathrm{~T}\) inside the solenoid?
-
What motivates employees? The Great Place to Work Institute evaluated nonfinancial factors both globally and in the United States. The results, which indicate the importance rating of each factor,...
-
15 16 17 18 In 1987, an agreement was formulated by the United Nations Environment Programme (UNEP) to freeze the production of "X" to prevent depletion of "Y". "X" and "Y" respectively referred here...
-
Paul Poti, is the sole proprietor of Poti Enterprises, a small retail shop selling widgets located in Edmonton, AB. The shop has been in operation for several years. Paul provides you with the...
-
Laura's Boutique is trying to calculate different financial measures to analyze its performance. Net income for the year was $80 million. There are 150 million shares issued and 125 million shares...
-
Kay Company's stock on the last day of the year was $39. Kay reported dividends per share of $0.49 and total dividends of $637,000 on its statement of stockholders' equity. Net income for the year...
-
Factor completely. x 2 + 5y + 5x + xy
-
You have taken on a seven-week contract with the management consulting firm BLUEtin Consulting. This contract is covering one project cycle and all learning activities and assessment will be tied to...
-
The project managers leadership has been identified as one of the most important critical success factors (CSFs) in project management? What do you think is the most appropriate leadership style to...
-
Program description: Program to display a pattern. */ 1. #include 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. int main(void) { int n; }...
-
4. Exendine Oil, an exploration and development company located in Okesa, Oklahoma plans to bid for a one-year option to horizontally drill and fracture the old Drummond oil field. The option gives...
-
A wide pipe divides into three narrower pipes. The wide pipe has a radius of 1 7 . 5 1 7 . 5 cm and transports water with an average velocity of 6 0 . 0 6 0 . 0 cm / / s . . Each of the narrow pipes...
-
In Problems 37 54, perform the indicated operation and simplify the result. Leave your answer in factored form. 6 X x - 1 1 - x
-
According to a New York Times columnist, The estate tax affects a surprisingly small number of people. In 2003, . . . just 1.25 percent of all deaths resulted in taxable estates, with most of them...
-
How much financial risk are you willing to take? By that I simply mean would you risk money on something with a potential high return when it also meant you might lose all the investment?
-
Select a major industrial or commercial company based in the United States, and listed on one of the major stock exchanges in the United States. Each student should select a different company. Avoid...
-
Tammy organized Sweet Corporation in January of the current year and the Corporation immediately elected to be an S Corporation. Tammy who contributed 40,000 in cash to start the business owns 100...
-
If a firm does not grow as expected subsequent to convertible or bond-with-warrant issues, does that make it more or less likely that the securities will be converted or exercised?
-
In North Carolina, transaction records must be retained for several years. Unset starred question At the conclusion of the transaction, or after all transaction funds held by the broker have been...
-
How has organizational culture been a factor in the success of a business?
Study smarter with the SolutionInn App