Question: please help me and make sure the answer is correct. please make sure the answer is correct. please help me . help me. 47 The

please help me and make sure the answer is correct. please make sure the answer is correct. please help me . help me. please help me and make sure the answer is correct. please make

sure the answer is correct. please help me . help me. 47

47 The stockholders' equity accounts of Flounder Corp. on January 1, 2022, were as follows, $300,000 1,000,000 Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value --Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) 15,000 480,000 693,000 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity, Feb. 1 Mar. 20 Oct. 1 Issued 5,000 shares of common stock for $30,000, Purchased 1,000 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Nov. 1 Dec 1 Dec. 31 Paid the dividend declared on December 1. 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 earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%.) Payout ratio % Earnings per share Return on common stockholders' equity %

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