On January 1, 2017, Culver Industries purchased 1,800 treasury shares. Other information regarding Culver Industries is...
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On January 1, 2017, Culver Industries purchased 1,800 treasury shares. Other information regarding Culver Industries is provided below. 2016 2017 Net income £196,200 £218,800 Dividends on preference shares £34,400 £34,400 Dividends on ordinary shares £21,800 £27,500 Weighted-average number of ordinary shares outstanding 11,400 9,600 Ordinary shareholders' equity beginning of year £596,400 £736,400 Ordinary shareholders' equity end of year £736,400 £815,000 Compute return on ordinary shareholders' equity for each year. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) 2016 2017 X Return on ordinary shareholders' equity % 22.7 22.6 % On January 1, 2017, Culver Industries purchased 1,800 treasury shares. Other information regarding Culver Industries is provided below. 2016 2017 Net income £196,200 £218,800 Dividends on preference shares £34,400 £34,400 Dividends on ordinary shares £21,800 £27,500 Weighted-average number of ordinary shares outstanding 11,400 9,600 Ordinary shareholders' equity beginning of year £596,400 £736,400 Ordinary shareholders' equity end of year £736,400 £815,000 Compute return on ordinary shareholders' equity for each year. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) 2016 2017 X Return on ordinary shareholders' equity % 22.7 22.6 %
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Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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