Castillo Company reported these figures for 2014 and 2013: Requirements 1. Compute Castillo Company's earnings per share

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Castillo Company reported these figures for 2014 and 2013:

Castillo Company reported these figures for 2014 and 2013:


Requirements

1. Compute Castillo Company's earnings per share for 2014. Assume the company paid the minimum preferred dividend during 2014.

2. Compute Castillo Company's price/ earnings ratio for 2014. Assume the company's market price per share of common stock is $ 6.

3. Compute Castillo Company's rate of return on common stockholders' equity for 2014. Assume the company paid the minimum preferred dividend during2014.

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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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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