RUT Corporation had net income for 2016 of $36,400. RUT had 2,400 shares of common stock outstanding at the beginning of the year and 20,000 shares of common stock outstanding as of December 31, 2016. During the year, RUT declared and paid preferred dividends of $5,040. Compute RUT’s earnings per share.
Answer to relevant QuestionsRefer to the RUT data in Short Exercise S13-14. Assume the market price of RUT’s common stock is $18 per share. Compute RUT’s price/earnings ratio. In Short Exercise S13-14 RUT Corporation had net income for 2016 of ...Bates Corp. issued 2,000 shares of no-par common stock for $8 per share. Requirements 1. Record issuance of the stock if the stock: a. Is true no-par stock. b. Has stated value of $2 per share. 2. Which type of stock results ...The stockholders’ equity of Poolside Occupational Therapy, Inc. on December 31, 2015 follows: Stockholders' Equity Paid-In Capital: Common Stock—$2 Par Value; 1,600 shares authorized, 600 shares issued and ...Travel Comfort Specialists, Inc. reported the following stockholders’ equity on its balance sheet at June 30, 2016: Stockholders' Equity Paid-In Capital: Preferred Stock—6%, ? Par Value; 675,000 shares authorized, ...1. Nov. 8 Treasury Stock $6,300 CR Summerborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Declared a cash dividend on the 6%, $97 par noncumulative preferred stock (1,150 shares outstanding). ...
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