Use the annual report of Carnival Corporation for the 2007 scal year to answer the following questions.
Question:
Required:
(a) How many shares of common stock does Carnival have authorized, issued, outstanding, and in treasury for 2006 and 2007?
(b) Has Carnival authorized the issue of preferred stock? If so, why is it not listed on the balance sheet?
(c) What kinds of dividends has Carnival declared, if any, in 2006 and 2007?
(d) Calculate the following ratios for Carnival for the years 2007.
(1) Book value per share
(2) Dividend yield assuming a market value per share of $25
(3) Return on equity
(e) Comment on how an investor would interpret each of the measurements calculated in part (d). Based on the results, would you invest in Carnival? Explain the rationale of your answer.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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a 2006 2007 Authorized 1960000000 1960000000 Issued shares 641000000 643000000 Outstanding shares 62...View the full answer
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