payout ratio and book value per share kettleton enterprises

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payout ratio and book value per share
kettleton enterprises has developed a statement of stockholders' equity for the year 2010 as follows:
stock paid-in
preferred common
stock paid-in
common retained
balance, jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000
stock issued 100,000 10,000
net income 76,000
cash dividend -46,000
stock dividend 10,000 5,000 -15,000
balance, dec. 31 $110,000 $55,000 $500,000 $50,000 $215,000
kettleton's preferred stock is $100 par, 8% stock. if the stock is liquidated or redeemed, stockholders are entitled to $120 per share. there are no dividends in arrears on the stock. the common stock has a par value of $10 per share.
1. determine the dividend payout ratio for the common stock. round the payout ratio to four decimal places, but enter as a percentage to two decimal places. for example, .34678 rounds to .3468 and would be entered as 34.68, indicating 34.68%.
2. determine the book value per share of kettleton's common stock. round the book value per share to the nearest cent.
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