OfficeMax had a net income of $667,000 for a recent year, while Staples had a net income
Question:
OfficeMax had a net income of $667,000 for a recent year, while Staples had a net income of $738,671,000. OfficeMax had preferred stock of $36,479,000 with preferred dividends of $2,818,000. Staples had no preferred stock. The outstanding common shares for each company were as follows:
Average Number of
Common Shares Outstanding
OfficeMax .........77,483,000
Staples ..........721,838,000
a. Determine the earnings per share for each company. Round to the nearest cent.
b. Evaluate the relative profitability of the two companies.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (19 reviews)
a OfficeMax Earnings per Share Earnings per Share Earnings per Share 003 ...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The just completed year, Hanna Company had a net income of $35,000. Balances in the companys current asset and current liability accounts at the beginning and end of the year were: The Deferred...
-
Wachowski Corporation had a net income of $33,000 during 2010. During the year, the company had depreciation expense of $14,000. Accounts receivable increased by $11,000, and accounts payable...
-
During 2010, Minh Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expenses of $1,800. During the year, Accounts...
-
C) Use the appropriate Maxwell relation and determine whether the specific heat capacity at constant pressure (Cp) is a function of pressure at onstant temperature for: i) An ideal gas ii) [6 marks]...
-
Mossfort, Inc., has a division in Canada that makes long-lasting exterior wood stain. Mossfort has another U.S. division, the Retail Division, that operates a chain of home improvement stores. The...
-
Determine the magnitude of the reactions on the beam at A and B. Neglect the thickness of the beam. Given: F1 = 600 N F2 = 400 N = 15 deg a = 4 m b = 8 m c = 3 d = 4 F1 F1 A, , -b
-
Distinguish the following data as qualitative and quantitative. Explain why. a. Social Security Number. b. Zip Code. c. Degree of job satisfaction. d. Price. e. Age. f. Effectiveness. g....
-
Decision analyst Sandy Baron has taken a job with an up-and-coming consulting firm in San Francisco. As part of the move, Sandy will purchase a house in the area. There are two houses that are...
-
Wallace Driving School's 2020 balance sheet showed net fixed assets of $4.7 million, and the 2021 balance sheet showed net fixed assets of $5.3 million. The company's 2021 income statement showed a...
-
Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $53,000 before deducting any §179 expense (assume no bonus depreciation but...
-
Procter & Gamble (P&G) is one of the largest consumer products companies in the world, famous for such brands as Crest and Tide. Financial information for the company for three recent years is as...
-
Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2007, $16,000; 2008, $48,000; 2009,...
-
Who are your heroes? What makes them heroes, and what can you learn from them?
-
What common mistakes do students use that can lead to plagiarism? What steps can you take as a speaker to ensure you are practicing ethical speechmaking?
-
What is Cognitive Psychology and explain the benefits of it?? Also, who is one of the most influential people in cognitive psychology?
-
To improve the effectiveness of its teaching staff, the administration of a high school offered the opportunity for all teachers to participate in a workshop. They were not required to attend;...
-
Of 15,000 individuals aged 18 years living in Ontario, 5,000 visited their family doctor in the past year and of these individuals 1,875 were diagnosed with lifelong depression. Assuming everyone was...
-
1. A stock is expected to pay a dividend of $1 per share in two months and in five months. The stock price is currently traded at $50 per share, and the risk-free rate is 3% per annum with continuous...
-
Suppose you have taken a years break mid-way through your career to pursue some social work. How would you mention this in your rsum?
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
Perform the operations in Problems 718. a. 5 + 2 6 b. 7 + 3 2
-
A Kirk Limited is trying to determine the value of its ending inventory as of February 28, 2012, the companys year-end. The accountant counted everything that was in the warehouse, as of February 28,...
-
Turner Distribution markets CDs of numerous performing artists. At the beginning of March, Turner had in beginning inventory 2,500 CDs with a unit cost of $7. During March, Turner made the following...
-
Remsen Company Inc. had a beginning inventory of 100 units of Product MLN at a cost of $8 per unit. During the year, purchases were: Feb. 20 600 units at ... $ 9 May 5 500 units at ... $10 Aug. 12...
-
Sunland Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly traded, has a May 31 year end. On February 18, 2024, Sunland signed a...
-
Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Average Cost per Unit Fixed administrative...
-
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At...
Study smarter with the SolutionInn App