Whetzel Corporation reported net income of $152,000, declared dividends on common stock of $50,000, and had an ending balance in retained earnings of $360,000. Common stockholders’ equity was $700,000 at the beginning of the year and $820,000 at the end of the year. Compute the return on common stockholders’ equity.
Answer to relevant QuestionsThe following information is available for Reinsch Corporation for the year ended December 31, 2014: cost of goods sold $205,000, sales revenue $350,000, other revenues and gains $50,000 and operating expenses $75,000. ...Foley Corporation has retained earnings of $3,100,000 on January 1, 2014. During the year, Foley earned $1,200,000 of net income. It declared and paid a $150,000 cash dividend. In 2014, Foley recorded an adjustment of ...During 2014, Roblez Corporation had the following transactions and events.1. Declared a cash dividend.2. Issued par value common stock for cash at par value.3. Completed a 2-for-1 stock split in which $10 par value stock was ...Ringgold Corporation has outstanding at December 31, 2014, 50,000 shares of $20 par value, cumulative, 6% preferred stock and 200,000 shares of $5 par value common stock. All shares were outstanding the entire year. During ...On January 1, 2014, Chen Corporation had the following stockholders’ equity accounts.Common Stock ($5 par value, 200,000 shares issued and outstanding) .................... $1,000,000Paid-in Capital in Excess of ...
Post your question