Question: part D) payout ratio, earning per share, & return on common stockholders equity plz The stockholders' equity accounts of Sarasota Corp. on January 1, 2022,

part D) payout ratio, earning per share, & return on common stockholders equity plz
part D) payout ratio, earning per share, & return on common stockholders
equity plz The stockholders' equity accounts of Sarasota Corp. on January 1,
2022, were as follows. During 2022, the corporation had the following transactions
and events pertaining to its stockholders' equity. Feb. 1 Issued 3,000 shares
of common stock for $18,000. Mar. 20 Purchased 600 additional shares of

The stockholders' equity accounts of Sarasota Corp. on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 3,000 shares of common stock for $18,000. Mar. 20 Purchased 600 additional shares of common treasury stock $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15 , payable December 31,2 Dec. 31 Determined that net income for the year was $170,000. Paid the dividend declared on December 1. Preferred Stock Retained Earning Treasury Stock stock $612,000 tal Stock \begin{tabular}{l} Paid-in Capital \\ pital in Excess of Stated Value-Common Stock \\ pital in Excess of Par Value-Preferred Stock \\ tional Paid-in Capital \\ \hline in Capital \\ \hline :arnings \end{tabular} 294,000 Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round answers to 2 decimal ploces, eg 17.50%

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!