Question: Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends

 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net incomeTotal Dividends $1,658,725 379,600 $ 1,964,225 1,407,475 288,300 $1,695,775 On preferred stockOn common stock Total dividends 6,300 30,750 37,050 $2,001,275 6,300 30,750 $37,050$ 1,658,725 Retained earnings, December 31 Liabilities Current liabilities $517,020 $ 850,123

Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends $1,658,725 379,600 $ 1,964,225 1,407,475 288,300 $1,695,775 On preferred stock On common stock Total dividends 6,300 30,750 37,050 $2,001,275 6,300 30,750 $37,050 $ 1,658,725 Retained earnings, December 31 Liabilities Current liabilities $517,020 $ 850,123 Long-term liabilities Mortgage note payable, 8 % $760,000 940,000 $1,700,000 $2,217,020 940,000 $940,000 $ 1,790,123 Bonds payable, 8 % Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $ 40 par Common stock, $ 10 par Retained earnings $360,000 410,000 2,001,275 $2,771,275 $4,988,29!5 360,000 410,000 1,658,72!5 $ 2,428,725 $4,218,848 Total stockholders' equity Total liabilities and stockholders' equity Required Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!