This financial information is available for Klinger Corporation. The weighted-average number of shares of common stock outstanding
Question:
This financial information is available for Klinger Corporation.
The weighted-average number of shares of common stock outstanding was 180,000 for 2019 and 150,000 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 $1,800,000 $1,900,000 70,000 20,000 90,000 20,000 200,000 191,000 25 20
Step by Step Answer:
2020 200000 20000 150000 120 2019 191000 20000 180000 095 2020 2019 Net inc Pref ...View the full answer
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Related Video
The Dupont analysis is an expanded return on equity formula, calculated by multiplying the net profit margin by the asset turnover by the equity multiplier. The DuPont analysis is also known as the DuPont identity or DuPont model.This Video will guide on how to calculate return on Equity and estimate profitability of shareholders using DuPont Analysis.
Students also viewed these Business questions
-
This financial information is available for Hoyle Corporation. The weighted-average number of shares of common stock outstanding was 180,000 for 2009 and 150,000 for 2010.InstructionsCalculate...
-
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014. Instructions...
-
The following financial information is available for Last Chance Repossessions Company as of December 31, 2012: Required Calculate all profitability, liquidity, and solvency ratios (except earnings...
-
1. Our Play has (14.4/9.86) days of sales tied up in receivables, which is much (higher/lower) than the industry average. It takes Our Play (less/more) time to collect cash from its customers than it...
-
Coherent green light with a wavelength of 520 nm and coherent violet light with a wavelength of 412 nm are incident on a double slit with slit separation of 0.020 mm. The interference pattern is...
-
About how many terms of the Taylor series for tan -1 x would you have to use to evaluate each term on the righthand side of the equation with an error of magnitude less than 10 -6 ? In contrast, the...
-
On June 28, 1997, in Las Vegas, heavyweight boxers Mike Tyson and Evander Holyfield met for what proved to be a night to remember. During the third round of the fight, a desperate Tyson illegally bit...
-
The following facts pertain to a non-cancelable lease agreement between Lennox Leasing Company and Gill Company, a lessee. The Collectibility of the lease payments is reasonably predictable, and...
-
1-2. Draw graphs of the following functions using transformations: 1. y = 2x-1 x-2' 2. y log2x+1|- 3.
-
A retailer is considering increasing the price of one of her products. She currently sells 80 units per week of this product at $30.00 apiece, and her variable costs for the product are $13.50. A...
-
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...
-
At December 31, 2020, Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock outstanding and 100,000 shares of $10 par value common stock issued. Millwoods net income for the...
-
A hoop of radius 0.40 m and mass 0.6 kg is rolling without slipping at a speed of 15 m/s toward an incline of slope 30o. How far up the incline will the hoop roll, assuming that it rolls without...
-
3. The mass of a piece of unknown material is 23.650g. How many significant figures has the student reported?
-
Chubby Bunny Store recently issues 30-year, 10% coupon bonds and a par value of $1,000, selling for $1,080. Risk free rate is 3%; the firm's beta = 1.4; and the market return equals 12%. What is...
-
A chemist weighed out 101. g of gold. Calculate the number of moles of gold she weighed out. Be sure your answer has the correct number of significant digits. mol x10 X
-
1.Given spot rates for one-, two-, and three-year zero coupon bonds, how many forward rates can be calculated? 2.Give two interpretations for the following forward rate: The two-year forward rate one...
-
Determine the type of reaction that occurs. CH3CHOH + Na
-
The two systems shown start from rest. On the left, two 40 lb weights are connected by an inextensible cord, and on the right, a constant 40 lb force pulls on the cord. Neglecting all frictional...
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
Colt Industries had sales in 2010 of $6,400,000 and gross profit of $1,100,000. Management is considering two alternative budget plans to increase its gross profit in 2011. Plan A would increase the...
-
Haas Company prepares monthly cash budgets. Relevant data from operating budgets for 2011 are: All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first...
-
The budget committee of Deleon Company collects the following data for its San Miguel Store in preparing budgeted income statements for May and June 2011. 1. Sales for May are expected to be...
-
Write the feature of Super's Career Development Assessment and Counseling (C-DAC) system?
-
Describe one type of role-play technique you could use in a specific group setting. Explain who would benefit from this technique and why. Toseland, R. W., & Rivas, R. F. (2017). An introduction to...
-
Suppose that a manager is following a base stock policy where the optimal inventory position is 10. Assume the component lead time is 2 days. At the end of day 1, there is no ordered units yet to be...
Study smarter with the SolutionInn App