The following financial information is available for Cheney Corporation. The weighted average number of shares of common

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The following financial information is available for Cheney Corporation.

The weighted average number of shares of common stock outstanding was 80,000 for 2009 and 100,000 for 2010.InstructionsCalculate earnings per share and return on common stockholders' equity for 2010 and2009.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

Question Posted: Sep 13, 2011 08:58 AM

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The following financial information is available for Cheney Corporation. The weighted average number of shares of common

Question:

2010 2009 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,200,000 $900,000 20,000 200,000 15 2 290,000 20

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