The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock
Question:
The following financial information is available for Plummer Corporation.
The weighted-average number of shares of common stock outstanding was 80,000 for 2019 and 100,000 for 2020.
Instructions
Calculate earnings per share and return on common stockholders’ equity for 2020 and 2019.
2020 2019 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders |Net income Market price of common stock $1,200,000 50,000 $900,000 30,000 20,000 20,000 290,000 200,000 20 15
Step by Step Answer:
2020 290000 20000 100000 270 2019 200000 20000 80000 225 2020 2019 Net inc Pref d...View the full answer
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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